Last reviewed 10-31-2026Short-Sale.com Editorialglossary

LLPA

Fannie Mae

Updated 10-31-2026

LLPA

LLPAs are assessed based on certain eligibility or other loan features, such as credit score, loan purpose, occupancy, number of units, product types, etc. For whole loan transactions, LLPAs will be deducted from (or credited to) the loan proceeds.

Fannie Mae Glossary of Terms

Fannie Mae · p. 27

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