first mortgage
noun
: a mortgage that has priority as a lien over all mortgages and liens except those imposed by law
Examples of first mortgage in a Sentence
Recent Examples on the Web
The company made $77.1 million in first mortgage loan originations and funded $85.8 million in existing loans during the year.
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Quartz Intelligence Newsroom, Quartz, 28 Mar. 2025
There are income limits for those wishing to apply for down payment assistance, and applicants must qualify for a first mortgage.
—Paul Du Quenoy, MSNBC Newsweek, 26 Mar. 2025
Leckie and his wife, Jennifer Hopkins, just bought a new home in Maryland, making their first mortgage payment just a few weeks ago.
—Hannah Demissie, ABC News, 1 Mar. 2025
Help with down payments, closing costs, first mortgage insurance premiums, as well as lower interest rates can be part of that program.
—David J. Neal, Miami Herald, 11 Jan. 2025
See All Example Sentences for first mortgage
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Quartz Intelligence Newsroom, Quartz, 28 Mar. 2025
There are income limits for those wishing to apply for down payment assistance, and applicants must qualify for a first mortgage.
—Paul Du Quenoy, MSNBC Newsweek, 26 Mar. 2025
Leckie and his wife, Jennifer Hopkins, just bought a new home in Maryland, making their first mortgage payment just a few weeks ago.
—Hannah Demissie, ABC News, 1 Mar. 2025
Help with down payments, closing costs, first mortgage insurance premiums, as well as lower interest rates can be part of that program.
—David J. Neal, Miami Herald, 11 Jan. 2025
See All Example Sentences for first mortgage
Cite this Entry
“First mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/first%20mortgage. Accessed 7 Apr. 2025.
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