### Question
How does WAR HOUSING INSURANCE define first mortgage?


### Answer
Under *12 U.S.C. § 1736*, **first mortgage** is defined as:

> such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby

#### Citation:
  - *12 U.S.C. § 1736*
  - Heading: **CHAPTER 13-NATIONAL HOUSING > SUBCHAPTER VI-WAR HOUSING INSURANCE**

