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• A mortgage loan that enables a borrower to acquire a property.

  Federal Trade Commission - Cite This Source - This Definition
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  Cite Definition for Purchase Money Mortgage

  American Psychological Association (APA)

  Purchase Money Mortgage. (n.d.). Real Estate Marketplace Glossary. Retrieved March 20, 2023, from website: http://www.expertglossary.com/definition/purchase-money-mortgage.

  Chicago Manual of Style (CMS)

  Purchase Money Mortgage. www.ftc.gov. Real Estate Marketplace Glossary. Federal Trade Commission. http://www.expertglossary.com/definition/purchase-money-mortgage (accessed: March 20, 2023).

  Modern Language Association (MLA)

  "Purchase Money Mortgage." Real Estate Marketplace Glossary. Federal Trade Commission. 20 March. 2023 http://www.expertglossary.com/definition/purchase-money-mortgage.

• Browse Related Terms: 203(k), EEM, FHA mortgage loan, Home Equity Conversion Mortgage (HECM), Purchase Money Mortgage, Rehabilitation Mortgage