Fair Credit Reporting Act - Consumer protection law(s) that sets up a procedure for an individual to dispute or correct inaccuracies on ones credit report.

FHA Loan - A home loan that is insured by the Federal Housing Administration.

First Mortgage - A mortgage that has the first claim in the event the borrower defaults on the mortgage.

Fixed Rate Mortgages - A mortgage in which the interest rate will not change during the term of the loan.

Flood insurance - Insurance that may be required by the lender if a property is in a federally designated flood area.

Foreclosure – A process allowing the sale of property when the borrower is in default of the contract.