The majority of borrowers with weak credit histories have used subprime loans to successfully buy a home and rebuild their credit. Those who don’t qualify for a loan through their bank can ask for a referral to a reputable lender that may offer more options. However, subprime loans carry higher interest rates and other costs. As a result, they aren’t always a good choice. We may be able to suggest steps you can take to improve your credit rating, but rebuilding credit requires patience and commitment.

No. There are less than Grade-A borrowers who can still qualify for a loan they can afford. These individuals should not be deprived of the chance to buy a home. The better solution is to rein in the practices of unregulated mortgage lenders – something policymakers are considering.

Our economy thrives when a wide range of options are available. We want to be as flexible as possible in meeting the credit needs of our customers.

Do you have more questions?

Call us or stop by one of our offices today and we’ll be happy to help with questions you may have, or with options that you may want to explore. We’re here to help you.