Are you concern that negative credit marks will prevent you from obtaining a mortgage?  An industry of subprime mortgage lenders has developed to serve those who have credit problems.  Subprime is considered to include those with credit scores below 620 on a 300-900 scale.

 

What you will find is that lenders won't typically use the term "subprime" because of it negative association.  In any event subprime loans will have higher rates than equivalent prime loans.  Exactly how high depends on factors such as credit score, down payment, and the type of negative credit.

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