Skip to main content

">Alt-A Mortgages

« Back to Glossary Index

Short for “Alternative A,” an Alt-A mortgage is considered riskier than a traditional “A” mortgage (i.e., “prime” mortgage) but less risky than a subprime mortgage. Mortgages can fall into this classification if the borrower cannot provide complete income documentation, has a lower credit score or a higher debt ratio.

See also: Prime Mortgage, Subprime Mortgage

« Back to Glossary Index

compare button