SubPrime Mortgage

Subprime Lending is a term generally used to describe financing options that fall outside the traditional conforming loan market. Conforming loans include conventional loans with or without private mortgage insurance sold to Fannie Mae or Freddie Mac, the two largest suppliers of mortgage funds to the marketplace, as well as FHA and VA loans. Conforming loans have certain requirements for credit history, specific loan-to-value limits, and other standard underwriting criteria. An Subprime Lending loan or Sub-Prime loan is often referred to as a "non-conforming" loan. It may have expanded loan-to-value limits or more flexible credit requirements. Borrowers with less than perfect credit may be able to obtain financing in the SubPrime Lending market, even if they have already been turned down for traditional conforming financing.

While the SubPrime Lending or non-conforming loan products have opened up more opportunities to today's homeowner or homebuyer, it is important to work with a lender with a reputation for integrity and good service. Since every borrower's financing needs are unique, a lender must have access to flexible products that fit these needs.

To inquire about bad credit refinance options or to get pre-approved for a new purchase, please fill out the form on the Obtain a Quote page to obtain options from our nations top subprime mortgage lenders.