Definition
Funding Fee
A one-time charge on VA loans, payable in place of ongoing mortgage insurance and waived for some disabled veterans.
Nearby terms
Freddie Mac
The Federal Home Loan Mortgage Corporation, a government-sponsored enterprise that purchases conforming loans.
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.
Gift Funds
Money given by an eligible donor toward down payment or closing costs, documented with a gift letter confirming no repayment is expected.
Ginnie Mae
The Government National Mortgage Association, which guarantees securities backed by government-insured loans including FHA and VA.
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