U.S. Mortgage Index

Higher-priced mortgage loan

Definition

A higher-priced mortgage loan is a federal category of mortgages whose APR is higher than a benchmark rate called the Average Prime Offer Rate. It is a pricing-category label, not a finding that a loan is illegal.

In plain English

Federal mortgage rules have a category for loans whose APR sits above a market benchmark. Official consumer material calls that category a higher-priced mortgage loan. The current spread test is omitted here because it changes. This page names the category. It does not publish HOEPA triggers or give advice about any one offer.

Technical definition

CFPB’s key-terms heading defines a higher-priced mortgage loan as one with an APR higher than the Average Prime Offer Rate. That official heading is PRIMARY. Regulation Z is supporting context. Numeric thresholds are omitted.

Why it matters

Research notes sometimes say higher-rate credit when they mean this official category. The page uses the official name.

Sources reviewed

Important note

Do not publish the current APOR spread test or HOEPA triggers.