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A-paper
In the mortgage
industry
of
the United
States
,
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
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