| Term | Definition |
|---|---|
| Insured Mortgage |
A mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (MI). If the borrower defaults on the loan, the insurer must pay the lender the lesser of the loss incurred or the insured amount. |

First Home in Rio Rancho
"Purchasing our first home was a daunting proposition to say the least. The team at the Maez Group made it all work, going beyond all expectations."
~ K. Altherr Rio Rancho, New Mexico
