LLPA (Loan-Level Price Adjustment)
A fee grid applied to Conventional loans based on LTV and credit score combinations. Higher LTV plus lower score means a higher LLPA, which means a higher effective rate.
| Audience | Name |
|---|---|
| Engineering (code) | — |
| Design (UI label) | — |
| Borrower-facing | a pricing adjustment based on your loan-to-value and credit score |
| Do not use | — |
Sources
- Clarity Engine Glossary — LLPA
Related
Conventional Loan, LTV (Loan-to-Value Ratio), Min Credit Score