Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Soft Second Mortgage

HUD Housing Counselors Glossary

Updated 10-31-2026

Soft Second Mortgage

Second mortgage that is subsidized by a down payment assistance program. Payments on the loan are deferred under certain conditions, and the full loan amount is often forgivable if requirements are met.

HUD Housing Counselors Glossary

pp. 21–22

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