Minimum down payment
Definition
The minimum allowable ratio of down payment to sale price on any program. If the minimum is 10%, for example, it means that you must make a down payment of at least $10,000 on a $100,000 house, or $20,000 on a $200,000 house. For articles on down payment, see Down Payment.
Related Terms Other terms related to 'Minimum down payment' starting with the letter 'M' Mortgage lender, Mortgage company, Maximum lock, Manufactured housing, Monthly total expenses
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