✨📕 The NEWThe NEW Collegiate Dictionary, 12th Edition Over 5,000 words added — Buy Now! Collegiate DictionaryBuy Now!

first mortgage

noun

: a mortgage that has priority as a lien over all mortgages and liens except those imposed by law

Examples of first mortgage in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
What To Know According to Equifax’s report, which analyzed data through August of this year, lending activity has increased across first mortgages, auto loans, credit cards, consumer financing and student loans. Hugh Cameron, MSNBC Newsweek, 26 Nov. 2025 McCrory cited Lebda’s initial idea for LendingTree itself, inspired by his frustrating experience trying to get his first mortgage. Rebecca Noel, Charlotte Observer, 19 Oct. 2025 The study found that 1.6% of total auto loans were 60 days or more past due as of July 2025, while credit card and first mortgage loan delinquencies are less than 1%. Miguel Ambriz, Fortune, 17 Oct. 2025 So, there’d be the regular first mortgage on 80% of the selling price, plus a second mortgage on the down-payment loan. George Skelton, Mercury News, 2 Oct. 2025 See All Example Sentences for first mortgage

Word History

First Known Use

1728, in the meaning defined above

Time Traveler
The first known use of first mortgage was in 1728

Browse Nearby Words

Cite this Entry

“First mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/first%20mortgage. Accessed 4 Dec. 2025.

Legal Definition

first mortgage

see mortgage

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!