Definition
Ginnie Mae
The Government National Mortgage Association, which guarantees securities backed by government-insured loans including FHA and VA.
Nearby terms
Funding Fee
A one-time charge on VA loans, payable in place of ongoing mortgage insurance and waived for some disabled veterans.
Gift Funds
Money given by an eligible donor toward down payment or closing costs, documented with a gift letter confirming no repayment is expected.
Good Faith Estimate
The predecessor to the Loan Estimate, replaced for most mortgages in 2015.
Hazard Insurance
Property insurance covering physical damage, required by lenders as a condition of the loan.
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