What does Low-Down-Payment Loan mean?

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

Related Terms

Property Tax Deduction Property Report Yield Rate Tract Home Mixed-Income Housing Life-Cycle Cost Analysis Attorneys' Fees Freddie Mac Easement Agency Closing Non-Liquid Asset Maintenance & Emergency Repairs Net Worth Wild Deed Construction To Permanent Loan Interest-Only Loan Georgian Style Merged Credit Report