California Subprime Loans
California sub-prime loans account for an ever increasing number of mortgage loans in the Golden State. We can help you find reasonable rates and terms for subprime loans in the state of California.
A short term California subprime home loan may be your only option today. However, once you qualify for a better mortgage rate, we can help you refinance your subprime loan into a more traditional mortgage rate. Our ties to a national lending institutional allow us to provide borrowers with a full spectrum of mortgage options.
Florida Subprime Loans
Florida subprime loans have become very popular in the past two years as interest rates have risen and placed a squeeze on certain borrowers. Our Florida home mortgage sub prime loans may be a great option to help you get out of your financial situation and begin to rebuild your credit.
Once your FICO score has risen above 619, HMF will help you obtain the best refinance home loan that you qualify for. Contact us today to find out more about our Florida subprime mortgage options.
What Are Subprime Loans?
Subprime loans are mortgage loans that carry a slightly higher interest rate than a traditional lending institution's best available rate. Subprime home loans will typically carry an interest rate that is less than 0.6% above prime rate.
Sub-prime home loans are reserved for anyone who has a credit score of 520 to 619. You may also need a sub prime mortgage loan if you do not have enough collateral for an institutional loan. While subprime home equity loans and debt consolidation loans are at higher than normal interest rates, they are preferable to a bad credit or hard money loan.
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