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• "B" Loan or "B" paper with FICO scores from 620 - 659. "C" Loan or "C" Paper with FICO scores typically from 580 to 619. An industry term to used to describe loans with less stringent lending and underwriting terms and conditions. Due to the higher risk, sub-prime loans charge higher interest rates and fees.

  US Department of Housing and Urban Development - Cite This Source - This Definition
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  Cite Definition for Sub-Prime Loan

  American Psychological Association (APA)

  Sub-Prime Loan. (n.d.). Homes & Communities Glossary. Retrieved March 24, 2023, from website: http://www.expertglossary.com/definition/sub-prime-loan.

  Chicago Manual of Style (CMS)

  Sub-Prime Loan. www.hud.gov. Homes & Communities Glossary. US Department of Housing and Urban Development. http://www.expertglossary.com/definition/sub-prime-loan (accessed: March 24, 2023).

  Modern Language Association (MLA)

  "Sub-Prime Loan." Homes & Communities Glossary. US Department of Housing and Urban Development. 24 March. 2023 http://www.expertglossary.com/definition/sub-prime-loan.

• Browse Related Terms: "A" Loan or "A" Paper, "B" Loan or "B" Paper, "C" Loan or "C" Paper, Fixed Expenses, mortgage interest, Serious Delinquency, Sub-Prime Loan, Variable Expenses