A-paper
 | The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. (December 2010) |
In the mortgage industry of the United States, A-paper is a term to describe a mortgage loan (or a Prime loan)[1] for which the asset and borrower meet the following criteria:
- In the United States, the borrower has a credit score of 680 or higher
- The borrower fully documents their income and assets
- The borrower's debt to income ratio does not exceed 35%
- The borrower retains 2 months of mortgage payments in reserves after closing
- The borrower injects at least 20% equity
Furthermore, there are some criteria that are guiding factors, such as the borrower having stability in the line of work and/or living in the same property for two or more years.[2]
See also
[edit]References
[edit]- ^ "Glossary of Mortgage Terms | Oswego Mortgage". Retrieved 2025-04-18.
- ^ "Could You Qualify for An "A" Paper or Prime Loan?". CreditInfoCenter.com. 2021-07-15. Retrieved 2025-04-18.
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