B Loan Or B Paper
b loan or b paperFICO scores from 620 - 659. Factors include two 30 day late mortgage payments and two to three 30 day late installment loan payments in the last 12 months. No delinquencies over 60 days are allowed. Should be two to four years since a bankruptcy. Also referred to as Sub-Prime.
Source: U.S. Department of Housing and Urban Development
Related Terms from the Property Rights and Real Estate Law Glossary