Glossary

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Use this glossary to familiarize yourself with all the terms of a real estate transaction.
All terms are arranged alphabetically - click on letter menu to access terms for that letter group.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

government loan (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). Mortgages that are not government loans are classified as conventional loans.

grantee
The person to whom an interest in real property is conveyed.

grantor
The person conveying an interest in real property.