Amount of money for which property will sell following negotiations between the owner of such property who will sell but is not required to sell and a proposed Buyer for such property who is not obligated to buy such property.
Fixed Rate Mortgage
A loan in which the rate of interest is fixed over the life of the loan. Payments on a fully amortized, fixed rate loan will not change.
FHA (Federal Housing Administration)
A federal agency which insures first mortgages, enabling lenders to loan a very high percentage of the sales price.
Floodplain
The extent of the land adjoining water which, because of its topography, would flood if the water overflowed its banks.
The South Central Wisconsin MLS serves Dane, Sauk , Columbia, Rock, Dodge, Iowa, Green, Lafayette, Grant, and Richland Counties, as well as portions of Jefferson, Crawford, Vernon, Juneau, Monroe, Adams, Marquette, Green Lake, and Waushara Counties.
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