Sentences with phrase «most risky borrowers»

The average rate for an AA - rated borrower on Prosper — the highest rating for credit worthiness — is 7.2 % while the average rate for the most risky borrowers is just under thirty percent.

Not exact matches

If most borrowers who file for bankruptcy don't have the money to repay their debts, a more restrictive bankruptcy policy isn't going to make the loans less risky.

Fixed APR ranges from a low of 9.95 % for the most well - qualified borrowers up to a high of 35.99 % for riskier borrowers.

APR for the most well - qualified borrowers is currently as low as 5.99 %, while those deemed risky by LendingClub could expect to pay as much as 35.89 %.

It shot up to 775 in 2009, as lenders avoided riskier loans, backing away from all but the most qualified borrowers.

Although scales may vary, the most commonly used scales for both credit ratings and credit scores consider borrowers ranked on the bottom two - thirds of the scale to be risky.

However, if HUD is going to apply a new and costly insurance charge to borrowers within the FHASecure plan, then from the Department's perspective it makes sense to define as many borrowers as possible as being within the FHASecure effort because more dollars will go to HUD and the most - risky borrowers — borrowers who would previously have qualified for an FHA refinance — will be denied funding.

Interest rates on FHA mortgages tend to be higher than other loan types because most FHA loans are taken out by riskier borrowers.