Credit Challenged or Subprime Loans
THESE LOANS DO NOT MEET THE CREDIT REQUIREMENTS OF FANNIE MAE AND FREDDIE MAC
Credit Challenged or Subprime Loans are usually known as B, C and D paper loans. Loan applicants typically have a bad credit history, have filed for bankruptcy, or have had a property in foreclosure.
Credit Challenged Loans are often issued as temporary loans until the applicant can restore credit and qualify for conforming “A” loans. Interest rates on B/C Loans are generally higher than for conforming “A” loans.
For more information, contact us at 406-294-7207 or info@divisionmortgagegroup.com
or visit us at our downtown Billings location at 1320 Division Street, Billings, MT 59101.
Need assistance or would you like to know what information you will need before applying? Click here to contact us.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
