| Hazard Insurance | Insurance to protect the homeowner and the lender against physical damage to a property from fire, wind, vandalism, or other hazards. |
| Heirs and Assigns | One who might inherit or succeed to an interest in a property under the rules of law applicable when a property owner dies. |
| Holographic Will | Will written in the testator's handwriting and not witnessed. |
| Home Owners Insurance | An insurance policy that combines liability coverage and hazard insurance. |
| Homeowner's or Maintenance Fees | Payments made by property owner (s) of a condominium or a unit in PUD to the homeowners' association for expenses incurred in upkeep of the common areas. |
| Homeowner's Policy | Policy which expands the insurance for a homeowner. It may include theft, liability, earthquake, etc. |
| Homeowners Association | An association of people who own homes in a given area for the purpose of improving or maintaining the quality of the area. |
| Homeowners Warranty | A type of insurance that covers repairs to specified parts of a house for a specific period of time. |
| Homestead | Tract of land occupied as a family home. |
| Housing and Urban Development (HUD) | The federal government agency that oversees FHA. |
| Housing Ratio | The ratio of the monthly housing payment to total gross monthly income. Also called Payment-to-Income Ratio or Front-End Ratio. |
| HUD | (Department of Housing and Urban Development). A cabinet department responsible for the implementation and administration of government housing and urban development programs. |