SUB PRIME HOME LOAN

Sub prime home loans are unconventional home loan rate and price leader for the Phoenix Metropolitan area and has been for years. In a business environment where the lowest price usually means an inferior product or service, the mortgage or home loan industry is different.  Almost all conventional home loans are underwritten to be sold in secondary money markets through either Fannie Mae or Freddie Mac.  These quasi-government entities require strict compliance to federal home loan lending regulations.  So each lender’s 30 year fixed conforming loan is the same as the next.