Montrose, CO Office

Moab, UT Office

Flood Insurance - A form of hazard insurance required by lenders to cover property damage or loss in flood zones.

Floor - The minimum rate of interest payable on an adjustable-rate mortgage.

FmHA - See Farmer's Home Administration.

FNMA - See Federal National Mortgage Association.

Forbearance - Grace period given when a lender postpones foreclosure to give the borrower time to catch up on overdue payments.

Foreclosure (or Repossession) - Legal process by which the lender forces the sale of a property when the borrower has not met the mortgage terms.

Freddie Mac  - See Federal Home Loan Mortgage Corporation.

Ginnie Mae - See Government National Mortgage Association. 

GNMA - See Government National Mortgage Association.