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Real Estate Terms
Click on a link below for
an alphabetized list of Real Estate and Mortgage Terms.
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Government loan (mortgage)
A mortgage that is insured by the Federal Housing Administration
(FHA) or guaranteed by the Department of Veterans Affairs
(VA) or the Rural Housing Service (RHS). Mortgages that
are not government loans are classified as conventional
loans.
Government National Mortgage Association (Ginnie
Mae)
A government-owned corporation within the U.S. Department
of Housing and Urban Development (HUD). Created by Congress
on September 1, 1968, GNMA performs the same role as
Fannie Mae and Freddie Mac in providing funds to lenders
for making home loans. The difference is that Ginnie
Mae provides funds for government loans (FHA and VA)
Grantee
The person to whom an interest in real property is conveyed.
Grantor
The person conveying an interest in real property.
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