LOA stands for Length Overall.
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What is LOA?
Length overall, or LOA, is a term used in real estate to describe the length of a property from the front door to the back. The term is most commonly used in residential real estate transactions, but it can also be used in commercial transactions.
When you purchase a property, you will need to obtain a copy of the LOA. The LOA will show you the length of the property from end to end. You will also need to know the property’s zoning regulations and other restrictions.
The LOA will also show you how much mortgage insurance your lender requires. This insurance protects your lender if there is a problem with the property.
Knowing your LOA is important when you are looking for a new home or when you are selling your current home. It will help you to avoid any surprises during your purchase or sale process.