Definitions for "Minimum Down Payment"
MP] The minimum allowable ratio of down payment to sale price on any loan program.
The least amount of money a purchaser can provide toward the purchase price of a house under a mortgage loan program.
Minimum down payment is the amount of money you are required to put down at closing. If the minimum is 10%, you must make a down payment of at least $10,000 on a $100,000 house.