Fha down payment assistance Meaning and Definition

Pronunciation

(Not applicable) 🔊

Part of Speech

Noun

Definition

A financial assistance program by the Federal Housing Administration (FHA) that helps homebuyers with the down payment and closing costs.

Examples

• The couple was able to purchase their first home with the help of the FHA down payment assistance program.
• The lender offered an FHA down payment assistance option for borrowers with limited savings.

Synonyms

• Down payment grant
• Homebuyer assistance

Antonyms

• Down payment loan
• Homeownership loan

Etymology

Not applicable

Usage Notes

Fha down payment assistance is commonly used in real estate transactions and financial planning.

Cultural References

Fha down payment assistance is referenced in various real estate and financial publications, as well as online resources.

Idiomatic Expressions or Phrases

Not applicable

Related Words or Phrases

Down payment, mortgage, home purchase

Collocations

Fha down payment assistance and mortgage application

Frequency of Use

Fha down payment assistance is used relatively frequently in the context of homebuying and real estate financing.

Common Misspellings

FHA down payment assistance