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Government 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). Contrast with conventional mortgage. |
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Group Home |
A single-family residential structure designed or adapted for occupancy by unrelated
developmentally disabled persons. The structure provides long-term housing and support
services that are residential in nature. |
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Government National Mortgage Association |
A government-owned corporation within the U.S. Department of Housing and Urban Development
(HUD). Created by Congress on September 1, 1968, GNMA assumed responsibility
for the special assistance loan program formerly administered by Fannie Mae. Popularly
known as Ginnie Mae.
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Growing-Equity Mortgage (GEM) |
A fixed-rate mortgage that provides scheduled payment increases over an established
period of time, with the increased amount of the monthly payment applied directly
toward reducing the remaining balance of the mortgage.
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Grantee |
The person to whom an interest in real property is conveyed.
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Guarantee Mortgage |
A mortgage that is guaranteed by a third party.
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Grantor |
The person conveying an interest in real property. |
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Guaranteed Loan |
Also known as a government mortgage. |
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Ground Rent |
The amount of money that is paid for the use of land when title to a property is
held as a leasehold estate rather than as a fee simple estate. |
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