Definition & Meaning | English word DOWNPAYMENT
DOWNPAYMENT
Definitions of DOWNPAYMENT
- Alternative form of down payment.
Number of letters
11
Is palindrome
No
Examples of Using DOWNPAYMENT in a Sentence
- The program was a two-year pilot project which provided downpayment loans to first-time homebuyers who have low-to-moderate incomes.
- A Home Purchase Loan Scheme was introduced with, initially, a quota of 2,000 loans of HK$50,000 interest-free to make the downpayment on their new private-sector homes.
- This type of insurance is usually only required if the downpayment is 20% or less of the sales price or appraised value (in other words, if the loan-to-value ratio (LTV) is 80% or more).
- The purchase was completed on 12 May 1611 with a 2,000 guilder downpayment and mortgage for the balance to be paid annually at the rate of 500 guilders, the first payment due in May 1612.
- 85 billion in capital bonds to fund several types of housing-related programs, including: local infrastructure like sewers, parks, and transportation, homeownership assistance for downpayment support and low-interest loans or grants, low-interest loans for multifamily housing construction or rehabilitation, and loans and grants for homeless shelters and farmworker housing.
- Additional Howard County Housing activities and programs include, but are not limited to, Shared Appreciation Homeownership, Shared Equity Homeownership, Lease-Purchase Program, the Neighborhood Conservation Initiative, the Emergency Services Grant, the American Dream Downpayment Initiative, the Community Legacy Program, Payment instead of Taxes (PILOT) and the Weatherization Program.
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