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Amount you want to borrow*

Type of credit

Subprime Loan

In finance, Subprime Lending (also known as non-prime or second-chance lending) means making loans to borrowers who may have difficulty maintaining the repayment schedule, foreclosures, bankruptcies, sometimes reflecting setbacks such as unemployment, divorce, medical emergencies, etc. It also offers alternative ways for self-employed borrowers to document their income; it could be their business and personal bank statements for the last 24 month. It allows them not like any other banks to use their average monthly deposits as average monthly gross income.

These loans are characterized by higher interest rates and less favorable terms in order to compensate for higher credit risk. Proponents of Subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.

Loan Amount Purchase Cash Out Credit Score Reserves
Up to $1,000,000 Up to 70% LTV Up to 70% LTV 500 Case by Case
Up to $1,000,000 Up to 80% LTV Up to 80% LTV 580 Case by Case
Up to $1,000,000 Up to 85% LTV Up to 80% LTV 640 Case by Case
Up to $1,000,000 Up to 90% LTV Up to 80% LTV 680 Case by Case

Property Type:

  • 1-4 Family, High-Rise Condos, Non-Warrantable Condos and Town Homes

Product Type:

  • 30 Year Fixed
  • ARMs


  • 30 Years

Income Docs:

  • Full Doc: Wage Earner: W-2, Paystubs, 2 years tax returns
  • Self-Employed: 2 years personal & 2 years business tax returns
  • Bank Statement (Self-Employed Only): 24 months personal bank statements; 24 month average used. No tax returns required. Subject to LTV reductions…


  • 2 Month Bank Statements
  • Gift funds allowed


  • No minimum tradelines requirements
  • Minimum 500
  • Bankruptcy Seasoning: 12 months
  • Chapter 7: No seasoning with foreclosure completed event
  • Chapter 13: No seasoning – paid as agreed

This is not a commitment to lend, each applicant and borrower must be approved by the lender or investor. All terms and rates are subject to change with out notice. Please call our office to get pre-qualified.


20200 W Dixie Hwy Suite 1104

Aventura, FL 33180

Call Center:

Tel: 800-373-0812

Fax: 305 692-3000

Business Hours:

Mon - Fri 9:00am - 5:00pm

Weekends Closed