A low-down-payment loan is a type of loan that requires the borrower to make a smaller down payment on a property than is typically required. These types of loans are often used by first-time home buyers or those with limited funds for a down payment, but it also exposes the borrower to a higher risk of defaulting on the loan
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What does low-down-payment loan mean?
Related terms
Landscape Contractor
Credit
Seller Broker
Gross Up
Settlement Statement
Counteroffer
Foreclosure
Estimated Increase In Equity
Home Inspection
Cpi and Market Rent Escalation (In a Lease)
Judicial Foreclosure
Title Company
Free-Market Lots
Loan Officer
Saltbox Style
Limited Partnership
Real Estate Investment Trusts (REITs)
Original Principal Balance
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