How to use Downpayment in a sentence
My household income is over 0,000 a year and I could barely afford a 1950s rambler with a 0,000 downpayment.
Some banks offer financial registries that give the bride and groom an option of designing it for a home downpayment, an education fund, or even investments like CDs and bonds.
I have taken advantage of the low downpayment on this house, considering it is my 1st house.
Since you are a state employee you should also check with the Human Resources division of your office to see if the state offers any downpayment assistance programs for employees.
Many lenders require a minimum downpayment of 5 percent for jumbo loans.Advertisement
The American Dream Downpayment Initiative provides money to low-income applicants which is applied toward the downpayment of a home.
This program grants downpayment assistance and zero-interest loans for mortgages to applicants who qualify.
You can find other downpayment assistance programs either through FHA or with a housing department within your county or state.
Several downpayment assistance programs are available for people within certain occupations or for applicants looking to purchase homes within urban areas designated for renewal.
Programs such as the American Dream Downpayment Initiative, the HOME program and the Good Neighbor Next Door program provide special funding assistance to first time homeowners.Advertisement
Another example is the state of Mississippi, which offers a Downpayment Assistance Program.
The state of North Carolina offers the American Dream Downpayment Initiative.