It's getting a little easier for people with lower credit scores to borrow money to buy homes again.
For the first time in years, some small lenders are offering subprime mortgages to borrowers who pose a higher credit risk, typically people with credit scores below 640.
Subprime loans were once synonymous with the toxic, adjustable-rate mortgages that led to many homeowners losing their houses during the housing bust.
Back then, lenders were handing out subprime loans with cheap teaser rates and little or no down payments.
But now, lenders are charging interest rates as high as 10 percent and requiring borrowers to make down payments of as much as 35 percent.
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