Sub prime lenders are often called on when a borrower is unable to receive funding from banks and conventional mortgage brokers.

Sub prime loans are available to mortgage borrowers with much lower credit scores that those typically required by conventional lenders. If your tri-merge credit score is between 500 and 619 your probably a good candidate for a sub prime mortgage, often referred to as B and C mortgages or B and C paper.

Disclaimer: The hard money loan calculators found on this website are offered only to estimate monthly loan payments. No guarantee is offered or implied as to their accuracy. Hard money loans are non conforming, they do not conform to the underwriting guidelines of Fannie Mae or Freddie Mac. Each private equity hard money lender has their own fee structures which may include points at closing and early prepayment penalties. Discuss all of the details of your particular hard money loan including all costs and fees with your selected hard money lender.