Subprime loans are experiencing a resurgence in the housing market as potential homebuyers seek them out when traditional financing is not an option, the New York Times reports. Lending companies such as Athas Capital Group are offering the loans, which are targeted toward those with low credit scores, require a larger down payment, and carry a higher interest rate.
They’re baaack! Subprime loans resurface
Advertisement
Top Articles
Advertisement
Advertisement
More in Category
Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness
NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs
Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year