help expand the availability of home
finance to borrowers with past credit problems. These
loans are often referred to as Subprime loans. Subprime
lenders grade a borrower's credit history on the basis
of recent late payments, bankruptcies and/or other
credit problems. The terms of the loans they offer are
based on the borrower's credit grade: the lower the grade,
the higher the rate and the lower the maximum loan-to-value.
Although these loan programs are sometimes referred
to as "bad credit loans" within
the mortgage industry, we prefer "credit-challenged" or "less-than-perfect
credit" because we understand how easily unexpected difficulties can overwhelm
even the most financially responsible people. Over the years, we have helped
many borrowers with past credit problems get the financing they need to buy
a home and start rebuilding their credit. Subprime lending is an expanding
and evolving segment of the home finance market and offers credit-challenged
borrowers a variety of innovative and flexible programs at competitive rates.
Is a subprime loan a good choice for me? Subprime loans allow borrowers with
damaged credit to re-establish good credit while enjoying the financial benefits
of home ownership. If you are having difficulty getting a home loan because of
past credit problems, contact us. We will be happy to review your credit history
and discuss your home finance options with you.
To qualify for a subprime loan, borrowers must satisfy lender guidelines for
income, assets, and credit.
To apply for a subprime loan, submit
, or call us at