A-paper

 ( Mortgage Industry Of The United States ) 

In the mortgage industry of the United States, A-paper is a term to describe a mortgage loan (or a Prime 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

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.

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See also

• Alt-A
• Subprime lending

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