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An initial upward payment made when something is bought on credit, typically a large purchase like a home or car.

A government-backed mortgage insured by the FHA that allows borrowers with lower credit scores and smaller down payments to qualify for home financing.

Insurance that protects the lender if the borrower defaults, usually required if the down payment is less than 20 percent.

An insurance policy required by lenders when a borrower makes a down payment of less than 20 percent of the home's purchase price. It protects the lender in case the borrower defaults on the loan.

A business loan that is partially guaranteed by the Small Business Administration, often featuring lower down payments and flexible terms.

A small-business loan issued by a participating bank or lender and partially guaranteed by the federal government. This reduced risk for the lender allows business owners to access capital with lower down payments and more favorable terms.