The minimum allowable ratio of down payment to sale price on any loan
program. If the minimum is 10%, for example, it means that you must make a down payment of at least
$10,000 on a $100,000 house or $20,000 on a $200,000 house. The minimum down payment ratio is equal
to one minus the maximum LTV. If the maximum LTV is 95%, for example, the minimum down payment is 1 -
.95 = .05, or 5%.