good faith estimate (GFE)
A written estimate provided by a mortgage lender of the closing costs a borrower can expect to pay at or before settlement. This estimate must be mailed or delivered to all loan applicants within three business days after a loan application is received.

government mortgage
A mortgage that is insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA) or the Rural Housing Service (RHS). Contrast with conventional mortgage.

Government National Mortgage Association (GNMA)
A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD) that guarantees securities backed by mortgages that are insured or guaranteed by other government agencies. Also known as Ginnie Mae.

grantee
The person who is the recipient of an interest in real property.

grantor
The person who transfers an interest in real property to another person.

gross income
Total income before any taxes or expenses are deducted.

guaranteed loan
Any loan guaranteed by a government agency, such as the FHA or VA, or other interested party.