Mortgage

CFPB

Updated 08-20-2026

Mortgage

A mortgage is an agreement between you and a lender that allows you to borrow money to purchase or refinance a home and gives the lender the right to take your property if you fail to repay the money you've borrowed. If you are ready to take out a mortgage, learn more about buying a house (cfpb.gov/askcfpb/9 9).

CFPB Mortgage Terms

CFPB · p. 20

FHA Single Family Housing Policy Handbook Glossary November 26 2025

Updated 08-20-2026

Mortgage

Mortgage refers to any form of security instrument that is commonly used in a jurisdiction in connection with a loan secured by a one- to four-family residential Property and the land on which it is situated, such as a deed of trust or security deed or land contract.

FHA Single Family Housing Policy Handbook Glossary November 26 2025

p. 35

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