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• A payment the borrower must make to the lender at the mortgage term’s end. This final payment is comparatively much larger than the payments that preceded it.

  Federal Housing Finance Agency, Office of Inspector General - Cite This Source - This Definition
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  Cite Definition for Balloon Payment

  American Psychological Association (APA)

  Balloon Payment. (n.d.). Federal Housing Finance Agency Glossary of Terms. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/balloon-payment.

  Chicago Manual of Style (CMS)

  Balloon Payment. fhfaoig.gov. Federal Housing Finance Agency Glossary of Terms. Federal Housing Finance Agency, Office of Inspector General. http://www.expertglossary.com/definition/balloon-payment (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "Balloon Payment." Federal Housing Finance Agency Glossary of Terms. Federal Housing Finance Agency, Office of Inspector General. 3 February. 2023 http://www.expertglossary.com/definition/balloon-payment.

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