Despite Many Innovations in the Lending Process That Made Mortgage

Multiple Choice

Despite many innovations in the lending process that made mortgage loans more accessible and affordable to the general public, many potential borrowers faced considerable barriers in qualifying for a loan and making a down payment. Which of the following types of loans was designed for a borrower with weak credit, those who seek 100 percent financing, or who cannot document their income?

A) Conventional prime home loan
B) Affordable housing loan
C) Subprime mortgage loan
D) Bridge loan