home loan

noun

: a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years

Examples of home loan in a Sentence

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Applications to refinance a home loan responded to that small drop, rising 12% from the previous week and 17% from the same week a year ago. —

Diana Olick, CNBC, 5 Feb. 2025 The average rate on the 30-year mortgage, the most popular home loan in the United States, rose to 6.93 percent this week, Freddie Mac reported on Thursday, the highest since early July. —

Danielle Kaye, New York Times, 9 Jan. 2025 The Affordable Loan Solution First-time homebuyers who don’t exceed 100% of the area median income in certain minority-majority markets can be approved for a home loan with as little as 3% down with the Affordable Loan Solution. —

Kelsey Neubauer, CNBC, 30 Jan. 2025 The average rate on a 30-year mortgage, the most popular home loan in the United States, is around 7 percent. —

Matthew Goldstein, New York Times, 22 Jan. 2025 See all Example Sentences for home loan