Fair Market Value
The highest price an informed buyer will pay, assuming
there is no unusual pressure to complete the purchase. |
Fannie Mae
Federal National Mortgage Association (FNMA), is a
privately owned corporation created by Congress to buy
mortgage notes from local lenders and provide guidelines
for most lenders to use and
qualify borrowers. |
FHA Insured Mortgage
The Federal Housing Administration makes available
through banks and other lenders, insured mortgages and low
down payment requirements. |
