| Term | Definition |
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| Impact fees | Fees collected from developers of new homes to pay for schools, parks and other facilities.
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| Implied warranty of habitability | Court cases which determined that all new homes are assumed to be fit for human habitation and meet all building codes.
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| Impounds | A portion of the monthly mortgage payment that is placed in an account and used to pay for hazard insurance, property taxes and private mortgage insurance.
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| Income property | Property that is not occupied by the owner but is used to generate income.
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| Incurable defect | A defect in a property that cannot be fixed, such as an adjacent hazardous waste site, or would cost too much to repair relative to the value of the property.
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| Index | Financial tables used by lenders to calculate interest rates on adjustable mortgages, including the yield on Treasury bills.
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| Individual Retirement Account | Tax-deferred savings accounts that allow people to accrue retirement funds.
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| In-file credit report | Computer-generated reports drawn from credit repositories that are generally regarded as objective histories.
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| Infill development | Any significant new construction in an established area.
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| Infill housing | Home construction in established areas.
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| List is 3 pages long |
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