Financing of Housing

Definition

Financing refers to providing funds or financial resources to support the purchase, construction, or renovation of properties. In the context of housing discrimination, financing involves obtaining loans and mortgages to acquire residential properties.

Related terms

Mortgage: A loan provided by banks or lenders specifically for purchasing real estate.

Federal Housing Administration (FHA): This government agency provides mortgage insurance on loans made by approved lenders.

Predatory Lending: Unfair lending practices that take advantage of borrowers with high interest rates and exploitative terms.