– Are subprime loans safe? The subprime lenders have created the programs now to protect both the lenders and the borrowers. They are also federally approved lenders and they are absolutely safe. Are subprime mortgages available for first time home buyers? Subprime mortgages are available to first time home buyers.
The Return of Subprime Mortgage Loans | Money – For shoppers and homeowners alike, today’s mortgage market offers plenty to cheer about. After edging up last year, interest rates are again ultralow.With the financial crisis long over, lenders are loosening up, approving borrowers with a few credit blemishes in their past.First-time buyers can again put down as little as 3%.