Sub Prime & Non-Conforming

    Sub Prime Loans are one of the best kept secrets and valuable tools in the lending industry.

    In the past, these loans were perceived as only providing benefit to borrowers with poor credit.  This was because Sub Prime loans at the time specialized in completing loans for borrowers that did not qualify for the traditional government backed and supported programs such as conventional conforming.

    With the increased product options that exist in the market today, these loans now offer great solutions to all types of borrowers ranging from poor credit to the best credit scores and payment histories that one could have.

    Sub Prime lending offers an important feature like no other program in the industry -  100% financing with NO MORTGAGE INSURANCE.  All conforming loans and most Alt A programs require that any loan over 80% of the appraised value be assessed Mortgage Insurance.  These loans can be a great tool to consolidate debt or purchase a home with zero money down and avoid paying costly mortgage insurance, which is not tax deductible and increases proportionally with the size of the loan itself.

Highlights of Sub Prim Lending include:

• 100% financing for loan sizes of  $50,000 to $1,000,000

• No Mortgage Insurance on any products – saving hundreds or thousands per year!

• Higher debt ratios – sometimes as high as 55% of your gross income

• Credit history of the Primary Wage Earner is used in most cases

• Many stated income options available for both w-2 & self employed borrowers

• Cash out is often available to 100% with no rate increases

    Platinum Capital Group offers a number of Sub Prime Programs with outstanding fixed rates as well as ARM features.

Contact Us Today to see if a Sub Prime Loan is right for you!

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