Pritchard Homes Team

Real Estate Acronyms to Know

AC – Air conditioning

APR – Annual percentage rate

ARM – Adjustable Rate Mortgage

CMA – Comparative market analysis

CO – Certificate of occupancy

CTC – Clear to close

DTI – Debt-to-income ratio

FHA – Federal Housing Administration

FRBO – For rent by owner

FSBO – For sale by owner

HELOC – Home equity line of credit

HOA – Homeowners association

HVAC – Heating, ventilation, air conditioning

IDX – Internet Data Exchange

LLC – Limited Liability Company

LLP – Limited Liability Partnership

MLS – Multiple Listing Service

NARNational Association of Realtors

OO – Owner occupied

PITI – Principal, interest, property taxes, insurance

PMI – Private mortgage insurance

POA – Power of attorney

PoF – Proof of funds

ROI – Return on investment

SFH – Single family home

VOE – Verification of employment

W/D – Washer and dryer

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