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RE/MAX Best 2925 Hwy. 51, Suite B
Licensed by the Louisiana Real Estate Commission, Independently Owned & Operated
2925 Highway 51
LaPlace U.S.A., Louisiana 70068

Office: (985)652-7653X
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What does it mean to be an "A," "B," "C," or "D" borrower?

Alphabet Blocks Mortgage lenders typically use the letters of the alphabet to rate borrowers. The letters rank the level of risk the lenders perceivs:
  • "A"

  • signifies prime borrowers, those who always pay bills on time and whose debt-to-income ratio is within acceptable limits;
  • "B"

  • borrowers are those who have been 30 days late on a charge or mortgage payment within the past year;
  • "C"

  • denotes a riskier credit profile, with several 30-day or 60-day late payments; and
  • "D"

  • indicates serious credit problems such as a long-term delinquency or a bankruptcy in the past.
The level of risk determines the interest rate available to the borrower. A borrower with a B, C, or D rating could end up paying a significantly higher interest rate on a mortgage than someone with an A credit rating.
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