Tools & Resources

Estimated Total Costs of Renting

The total cost of rental payments for the same number of years you plan to own a home, taking into account yearly rental increases.

Estimated Total Savings

The estimated net cost of renting compared to the lower net cost of buying.

Fair Housing Act

A Federal law that prohibits discrimination in the sale, rental, and financing of housing on the basis of race, color, national origin, religion, sex, family status, or disability.

Fair Market Value

The price that a willing buyer and seller agree upon in the open market when given comprehensive information about a home's worth.

Fannie Mae

The Federal National Mortgage Association (FNMA) — a privately-held corporation created by Congress to help make mortgages more available and more affordable. Fannie Mae purchases and sells mortgages to and from lenders on the secondary mortgage market, and is the nation's largest source of home mortgage funding.