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Glossary of Terms > F > FLOOD INSURANCE

FLOOD INSURANCE

It's just what you think it is, and you may not have a choice of whether or not to buy it. This is insurance that compensates for physical property damage resulting from flooding, and it's required for properties located in federally designated flood areas.

F Terms

FAIR MARKET VALUE (FMV)

FANNIE MAE (FNMA)

FEDERAL EMERGENCY MANAGEMENT AGENCY

FEDERAL HOUSING ADMINISTRATION (FHA)

FEDERAL RESERVE

FHA MORTGAGE

FIRST MORTGAGE

FIXED-RATE MORTGAGE

FLIPPING

FLOOD INSURANCE

FOR SALE BY OWNER

FORECLOSURE

FREDDIE MAC