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Non-Prime Loans / Recent Housing Event

Non-Prime is a term for loan types that do not fit into the restraints of government lending standards known as Prime, Agency, or A-Paper Lending and defined as Qualified Mortgages. At Silver Star Mortgage we realize not everyone has perfect credit and we understand life happens.  Additionally, not everyone can document their income in the narrow definition that government loans allow. Silver Star Mortgage allows borrowers with a rougher than usual credit history to qualify for loans with terms that are fair and meet government lending criteria for Ability-to-Repay and government fee limitations.

  • 1 day out of foreclosure, short sale, BK, Deed in Lieu  

  • Loans $75K up to $1 million (Over $1M case by case)

  • Credit scores down to 500>

  • Up to 85% LTV

  • 100% gift funds allowed

  • DTI up to 50% considered

  • Owner-occupied, 2nd homes, and investment properties  

  • Non-warrantable condos considered

  • Jumbo loans down to 500> score

  • ARM or 30-year Fixed term available

  • No pre-payment penalty for owner-Occ and 2nd homes

  • No active tradelines OK with housing history

  • SFRs, townhomes, condos, 2-4 units

  • Seller concessions to 6% (2% for investment)

Questions about whether you qualify?

Our Home Loan Specialists are available 24/7 to answer any questions you have. 

Call a loan officer with questions or to get started.


Mon.–Fri. 9 a.m.–5 p.m. ET 

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