A junior mortgage placed on property to help finance the purchase price. Most government loan programs, like FHA or VA loans, permit secondary financing with certain restrictions.
Related information about secondary financing:
- Mortgages with Secondary Financing - Freddie Mac
Mortgages with Secondary Financing. For conforming and super conforming mortgages, you can originate a first mortgage with an original loan amount up to the ...
- Secondary Financing - HUD
HUD has long recognized the important role that downpayment assistance through secondary financing plays in providing affordable housing opportunities.
- What is secondary financing? - BusinessDictionary.com
Definition of secondary financing: Second-mortgage loan on an asset or property over which the first-mortgage takes precedence.
- secondary financing - Financial Dictionary - The Free Dictionary
A mortgage secured by a property lien that is subordinate to another mortgage on the same property. One may take out a second mortgage to pay for home ...
- secondary financing - The Free Dictionary
A mortgage taken out on property that already has one mortgage, with priority in settlement of claims given to the earlier mortgage.
- Secondary Financing - Business Finance
Secondary Financing - What is secondary financing? Secondary financing has an important role in some commercial real estate transactions. The most frequent ...
- What is secondary financing? - InvestorWords.com
Definition of secondary financing: A junior mortgage placed on property to help finance the purchase price. Most government loan programs, like FHA or VA ...
- What Is Secondary Financing?
Brief and Straightforward Guide: What Is Secondary Financing?