Owner's Equity Handbook glossary
Key terms
Handbook note
These terms come up when checking FHA cash-out eligibility, each with a primary source. This is not a government website.
Last reviewed against the primary sources listed below.
- FHA-approved lender
- A lender authorized by HUD to originate FHA-insured loans. Source: HUD: Let FHA loans help you
- Minimum property standards
- FHA's safety, security and soundness requirements a home must meet. Source: HUD Single Family Housing Policy Handbook 4000.1
- Owner occupancy
- Living in the home as your principal residence, required for FHA cash-out. Source: HUD Single Family Housing Policy Handbook 4000.1