Home Buying in Arlington>Question Details

Stelisha Joh…, Home Buyer in Melvin G Shinn, Wilm...

looking for a sub prime lender

Asked by Stelisha Johnson, Melvin G Shinn, Wilmington, NC Sun Aug 17, 2014

Help the community by answering this question:


Despite the notoriety that subprime loans gained as a prime cause of the financial crisis, they are re-emerging, under much more careful control, as one answer to the tight lending standards that have shut out millions of would-be homeowners.

0 votes Thank Flag Link Tue Aug 19, 2014
Sub prime money is intended to be used by those with a short-term need for financing, primarily for investors and builders. Consumers looking to sub-prime money are repeating the mistakes of the recent and catastrophic past.

If you have a track record as an investor and currently hold fewer than five properties, and not over-leveraged, you should be good to go. I hear Wells is still in the sub-prime business. However, you will be better served by seeking a referral from a Arlington professional
0 votes Thank Flag Link Mon Aug 18, 2014
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer