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Updated over 8 years ago on . Most recent reply
Subprime Lending is back? Sort of
Remember 2006?
No income, no assets, FICO score of 580, no down payment? Sure, we would LOVE to give you a loan.
They are now calling it Non-prime which is probably more accurate. The requirements to qualify are very similar to most conventional loans and you absolutely are going to pay a down payment. The main difference is this might be a way to go for borrowers who have had a recent short sale, bankruptcy, or foreclosure.
What are your thoughts? Do you think people should be able to buy a home or investment property one day out of bankruptcy?
Most Popular Reply
Jay Hinrichs
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- Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
I see those advertised in the scottsman guide just wonder if anyone can actually get one
- Jay Hinrichs
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