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Mortgage Glossary

Survey

Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker

A survey is a map of a property's exact boundaries and structures. It shows where the land begins and ends. It confirms what you are buying.

What Survey means

It can reveal encroachments or easements that affect the property. Some lenders and title companies require one. It prevents boundary disputes.

Florida example

A Florida survey shows a fence sitting on the line. The buyer resolves it before closing. That avoids a costly fight later.

What it is

A survey is a map of your property's exact boundaries and structures. It shows where the land begins and ends.

It can reveal encroachments or easements that affect the property.

Why buyers get one

A survey protects you from boundary disputes and fence or setback surprises. Some lenders and title companies require it.

We coordinate the survey with your closing team. Apply now and we will keep the process on track.

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Official resources

Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.

Related Mortgage Terms

Tax LienA tax lien is a government claim against a property for unpaid property taxes, taking priority over most other liens.Temporary BuydownA temporary buydown lowers the interest rate for the first one to three years of a loan using funds placed in an escrow at closing.TILA-RESPA Integrated Disclosure (TRID)The TILA-RESPA Integrated Disclosure, or TRID, is the rule behind the loan estimate and closing disclosure. It makes loan costs clear.
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