government loan

Definition

A mortgage loan insured or backed by the Department of Veterans Affairs, the Rural Housing Service, or the Federal Housing Administration.

Use government loan in a sentence

You may want to try and take out a government loan if you really need to get your hands on some cash quick.

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When my father returned from Vietnam, he was able to use his veterans benefits to buy his first house by using a government loan.

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As a former Army sergeant, John Smith was able to buy a house by securing a government loan backed by the Department of Veterans Affairs.

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secondary financing Stafford loan