Definitions for "Government mortgage"
Keywords:  rhs, rural, fha, affairs, veterans
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). Mortgages that are not government loans are classified as conventional loans.
a FHA or VA loan
A mortgage loan where a government or quasi-government agency insures or guarantees a portion of the loan based on certain conditions.