Non-Prime Mortgage Lenders in Rhode Island

Today’s version of subprime mortgages are most commonly called “non-prime mortgage loans”. These loan products are also commonly referred to as “non-qualified mortgages”, or simply “non-qm loans”.  There are a variety of borrowers that need a non-prime mortgage, such as those with bad credit, recent credit issues, and many who are self-employed.

Technically, any mortgage that is issued to a borrower with bad credit is a non-prime loan, so whether someone says “subprime mortgage”, “non-prime mortgage”, or “bad credit home loans”, they are essentially talking about the same thing.

The best non-prime mortgage lenders in Rhode Island are featured below. These lenders offer unique loan products to borrowers that do no qualify for a prime mortgage. This includes programs that accommodate to people with poor credit scores (as low as 500), and even recent credit issues, such as a bankruptcy or foreclosure.

Some of the following non-prime mortgage lenders even offer options to use alternative income documentation, which is useful for self-employed borrowers. What this means, is you may be able to prove your income using bank statements instead of tax returns.

If you would like to learn more about these mortgage lenders, visit our lender overview page.  You can view each lenders program details, including loan guidelines and requirements.

Below is a list of the current non-prime mortgage lenders in Rhode Island:

Angel Oak Morgage Services

Northstar Funding

Carrington Mortgage Services

Caliber Home Loans

These are just our top picks for non-prime lenders in Rhode Island. If you do not qualify for any of the loan products offered by these lenders, do not let that discourage you. We still may be able to help you find a lender that will offer you home financing. Just get in touch with us, and see what we can do for you!