Variable Rate Endorsement (ALTA 6): Underwriting Guidelines

ALTA has published two endorsements for variable or adjustable rate loans. Each of these endorsements insures against the invalidity, unenforceability, or loss of priority of the lien of the insured mortgage by reason of provisions providing for changes in the rate of interest. 


ALTA 6 is issued on adjustable/variable rate transactions when negative amortization is not a feature.


A sample ALTA Endorsement 6 form.