Sub-Prime Borrower
Sub-Prime Borrower
A borrower who does not meet the underwriting requirements of mainstream lenders.
Sub-prime borrowers pay more than prime borrowers and are sometimes taken advantage of. See Predatory Lending.
The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
Copyright © 2003-2025 Farlex, Inc
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.