To qualify for conventional rates (the rates you see on TV and in the newspaper, your credit generally has to be decent. The actual definition of what constitutes "subprime" is much more difficult to state. Each lender will have it's own definition of what makes a borrower subprime.
Contact Us for information regarding your specific needs, and situation.
Worst Case Scenario
Generally, consumers who do meet the guidelines of subprime, can still qualify for a mortgage. Worst case scenario might be you have a higher interest rate, or have to have a larger down-payment. The difference in your payment may be less than $100 per month, depending on the loan amount and your specific situation.
Buying A Home Could Help
So don't let credit issues stop you from owning the home of your dreams. Buying a home may be the start you need to reestablish your credit, and we can help.