G Mortgage Terms | Oconee County Real Estate
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Government 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). Contrast with
Conventional Mortgage.
Grace Period
A period of time during which a loan payment may be
paid after its due date but not incur a late penalty.
Gross Income
For qualifying purposes, the income of the borrower
before taxes or expenses are deducted.
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