Financing, types of

{
  "id": "MLC-T-ECS-000725",
  "term": "Financing, types of",
  "field": "Economic statistics",
  "term_source": "Financing, Types of",
  "definition": "For houses sold, the type of financing is the type reported at the time the original sales agreement was signed or deposit accepted. Although changes in the type of financing do occur between the original contract signing and final settlement, these changes are not reflected in the data.\n\nConventional financing is a mortgage loan not guaranteed by any government agency, such as the Veteran's Administration (VA), the Federal Housing Administration (FHA), or the Rural Housing Service (RHS).\n\nGuaranteed financing is a mortgage loan guaranteed by the VA, FHA, or the RHS.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/financing-types-of/"
}