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Alt-A
(redirected from Low-doc loan)

   Also found in: Wikipedia 0.01 sec.
Alt-A
Short for Alternative-A paper. Alt-A are loans that are considered riskier than prime loans but less risky than subprime loans. Generally made to individuals with a good credit score but some aspect of the loan (e.g. limited documentation or high loan-to-value ratio) makes the loan riskier than prime. Also see A paper, No docs.


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At the NEMBC in Newport, Steven Cofsky, chief director of examinations, Massachusetts Division of Banks, Boston, said his department is "finding that a lot of fraud and predatory lending is not happening in stated-income or no- or low-doc loans.
With a simplified application process, a loan for as little as $500 can be acquired through OWBO's low-doc loan program.
The cost of mortgage insurance increases with risk: A higher LTV, a lower credit score or an alternative-A or low-doc loan instead of a loan with full documentation will all result in a somewhat higher cost, but the price is still reasonable when compared with the benefits of homeownership.
 
 
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low-density concrete
low-density dynamite
Low-Density Epidermal Cells
low-density lipoprotein
low-density lipoprotein
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low-density lipoprotein cholesterol
low-density lipoprotein cholesterol
Low-Density Lipoprotein Particle Size
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low-density lipoprotein r
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Low-Density Lipoprotein Receptor-Deficient
low-density lipoproteins
low-density lipoproteins
Low-Density Membrane Fraction
Low-Density Parity Check
low-density polyethylene
low-density polyethylene
low-density polyethylene
Low-Density Triton-Insoluble
Low-density-lipoprotein
Low-Dimensional Electron Gas
Low-Dimensional Semiconductor Structure
Low-doc
Low-doc loan
Low-Dosage Heparin Therapy
Low-Dosage Hydrate Inhibitor
low-dose aspirin
Low-Dose BZD
Low-Dose Chest Computed Tomographic Scanning
Low-Dose Computed Tomography
Low-Dose Dexamethasone Suppression
Low-Dose Dexamethasone-Suppression Test
Low-Dose Dobutamine Echocardiography
Low-Dose Dobutamine Stress Echocardiography
Low-Dose Dobutamine Ventriculography
Low-Dose Heparin
Low-Dose Inhaled Corticosteroids
Low-Dose Insulin-Glucose Infusion Test
Low-Dose Maintenance Therapy
Low-Dose Opiate Therapy
Low-Dose Oral Administration
Low-Dose Short Synacthen Test
Low-Dose Subcutaneous Heparin
low-dose tolerance
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Low-Dose Total Body Irradiation
Low-Dose Unfractionated Heparin
low-down
Low-Drag Bomb
 
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