Real Estate Terms Glossary
What is a Down Payment?
We can define a down payment as the sum of money that a homebuyer saves to help finance the purchase of a property. It is an initial payment (non-refundable) that you pay upfront for purchasing of a high-priced item, like a house. Note that a situation where a large down payment might be necessary is when you purchase within a co-operative property, and this is common in several cities.
Learn more about what’s included in a mortgage note .
Examples of Down Payment
- Example 1: VA loan down payments
- Example 2: USDA loan down payments
Here’s Investopedia’s definition of a down payment.
Meet some of our Real Estate Lawyers
Ayelet F.
Ayelet G. Faerman knows what influencers mean to brands today. With experience as legal counsel for a beauty brand for over 5 years, and overseeing multiple collaborations, Ayelet has experienced the rise of influencer marketing. As the founder and managing partner of Faerman Law, PA her practice focuses on influencer relations including a specialization in contract negotiations.
Benjamin E.
Benjamin is an attorney specializing in Business, Intellectual Property, Employment and Real Estate.
Richard G.
Attorney Gaudet has worked in the healthcare and property management business sectors for many years. As an attorney, contract drafting, review, and negotiation has always been an area of great focus and interest. Attorney Gaudet currently works in Massachusetts real estate law, business and corporate law, and bankruptcy law.
April 19, 2021
Pritesh P.
Experienced General Counsel/Chief Legal Officer
November 4, 2022
Jonathan R.
I am a graduate of Cornell University and Rutgers University School of Law—Newark, and have been admitted to the state and federal bars for New Jersey, and have been engaged in the full- or part-time practice of law since my admission to the bar in 1991. My practice centers on civil litigation; wills, trusts, and estates; and ediscovery review and management. I have extensive experience in regulatory compliance in the financial services industry, as well as privacy laws in the U.S. and E.U.
May 12, 2021
Robert D.
I am a general practice lawyer with 21 years of experience handling a wide variety of cases, both civil and criminal
Find the best lawyer for your project
Browse Lawyers NowReal Estate lawyers by city
- Atlanta Real Estate Lawyers
- Austin Real Estate Lawyers
- Boston Real Estate Lawyers
- Chicago Real Estate Lawyers
- Dallas Real Estate Lawyers
- Denver Real Estate Lawyers
- Fort Lauderdale Real Estate Lawyers
- Houston Real Estate Lawyers
- Las Vegas Real Estate Lawyers
- Los Angeles Real Estate Lawyers
- Memphis Real Estate Lawyers
- Miami Real Estate Lawyers
- New York Real Estate Lawyers
- Oklahoma City Real Estate Lawyers
- Orlando Real Estate Lawyers
- Philadelphia Real Estate Lawyers
- Phoenix Real Estate Lawyers
- Richmond Real Estate Lawyers
- Salt Lake City Real Estate Lawyers
- San Antonio Real Estate Lawyers
- San Diego Real Estate Lawyers
- San Francisco Real Estate Lawyers
- Seattle Real Estate Lawyers
- Tampa Real Estate Lawyers
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot ReviewContracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.
View Trustpilot ReviewI never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.
View Trustpilot ReviewI got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.
View Trustpilot Review