Many lenders are now beginning to offer subprime mortgages to those with credit scores under 640. After the housing bubble burst, many borrowers with poor credit scores were eliminated from the mortgage market, but according to recent data, many of these borrowers are now beginning to qualify for loans. Experts say it may be more difficult to get subprime loans than in the past as interest rates on these types of loans have increased and down-payment percentages have grown. More here
