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Glossary of Terms > F > Flood Insurance

Flood Insurance

Insurance specifically designed to cover flood and storm damage. If you buy property in a designated flood zone, coverage is mandatory. In most places, it is optional -- but very much advisable, depending on the location.

F Terms

Fair Market Value

Fannie Mae

Federal Housing Administration (FHA)

FHA Mortgage

FICO

First Mortgage

Fixed-rate Mortgage

Flipping

Flood Insurance

For Sale by Owner (FSBO)

Forbearance Agreement

Foreclosure

Freddie Mac

Front-end Fee


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