Subprime mortgage

Over 2200 Glossary Terms

Subprime mortgage

Subprime mortgage is a real estate property loan made to a lesser-qualified borrower. A subprime mortgage carries a higher interest rate and more restrictive terms relative to a conventional (also called prime) mortgage. Borrowers of subprime mortgages generally have low credit scores and past documented credit issues.

National Rates

Loan Type Today
30 yr fixed 4.93
15 yr fixed 4.38
5/1 ARM 3.79

Compare Rates »

Rates may contain points

Browse Mortgage Rates