Dictionary of Real Estate Terms: federally related mortgage
federally related mortgage
a mortgage loan that is, in some way, subject to federal law because it is guaranteed, insured, or otherwise regulated by a government agency such as the Federal Housing Administration (FHA), Veterans Administration (VA), Federal National Mortgage Association (FNMA), or Federal Home Loan Mortgage Corporation (FHLMC).
Example: To borrow on a federally related mortgage, certain things must be done in an appropriate way, including use of a state-certified appraiser.
