Hal's Mortgage Blog

Subprime is not a synonym for bad credit; in fact, today's subprime loans just miss agency guidelines. They don't neatly conform - hence the moniker non-conformimg. You wouldn't believe how many of our borrowers have stellar credit but fall slightly short of the mark in another area. Could be their high Loan To Value or Debt To Income ratio, maybe they're self-employed or made a payment just a wee bit late.

Yet loan-worthy they are. (Great doors still open on small hinges.) And while financing is available on FICOs of 525 and above, every day we finance Subprime borrowers with scores over 700

A good thing to remember is that, at the end of the day, loans are about people, not just numbers.

All it takes is some clarity and common sense in looking at their applications.