A-paper
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The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. Please improve this article and discuss the issue on the talk page. (December 2010) |
A-paper is a term to describe a mortgage loan 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 his 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
