### Question
How is the term 5-down defined?


### Answer
The term **5-down** is defined in *38 U.S.C. § 3729* as the following:

> a downpayment of at least 5 percent or more, but less than 10 percent, of the total purchase price or construction cost of the dwelling

#### Citation:
  - *38 U.S.C. § 3729*
  - Heading: **PART III-READJUSTMENT AND RELATED BENEFITS > CHAPTER 37-HOUSING AND SMALL BUSINESS LOANS > SUBCHAPTER III-ADMINISTRATIVE PROVISIONS**

