Subprime Mortgage
Last updated 2026-08-01
CFPB
Updated 2026-08-01
When lenders use the term, they generally mean a loan program for borrowers who do not qualify for a prime loan, often with a higher interest rate. Learn more about the homebuying process (cfpb.gov/owning-a-home/).
CFPB Mortgage Terms
CFPB · pp. 25–28
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