Definition
Fully Indexed Rate
On an ARM, the index value plus the margin — the rate that applies once the initial fixed period ends, subject to caps.
Nearby terms
Foreclosure
The legal process by which a lender takes possession of the collateral after default.
Freddie Mac
The Federal Home Loan Mortgage Corporation, a government-sponsored enterprise that purchases conforming loans.
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.
Ready when you are
See your real numbers before you fall in love with a house.
Live rates, a full cost breakdown, and a pre-approval you can shop with. It takes a few minutes and it does not lock you into anything.
No fee · No obligation · Pre-approval typically under an hour · Call or text 24/7 · NMLS 2705737