QM (Qualified Mortgage)
A loan that meets ATR safe harbor requirements. Generally requires DTI <= 43% (with exceptions for AUS-approved loans), no risky features (interest-only, negative amortization, balloon payments), and points/fees <= 3%.
| Audience | Name |
|---|---|
| Engineering (code) | — |
| Design (UI label) | — |
| Borrower-facing | — |
| Do not use | — |
Sources
Related
ATR (Ability to Repay), DTI (Debt-to-Income Ratio), Points (Discount Points)