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down payment
(redirected from Down-Payment)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
down payment
the deposit paid on an item purchased on hire-purchase, mortgage, etc.


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We focus particularly on FHA's financial and claim experience concerning FHA-insured mortgages that were originated with seller-funded down-payment assistance (DPA).
State and local government resources offer down-payment assistance, and getting help generally doesn't affect your eligibility for favorable mortgage terms.
FHA loans have once again became en vogue for borrowers with lower credit scores and who lack sufficient down-payment and closing-cost funds.
 
 
 
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