Mortgage loans that meet all general underwriting standards established by government-sponsored enterprises except for the dollar size limit are more commonly referred to as subprime loans.
In the field of business, a subprime loan can be described as a loan that has a higher value than the normal prime value due to the dollar size limit.
A subprime loan is a kind of mortgage loan that has all the other standards set for government-sponsored enterprise except that higher value that occurs due to the dollar size.
People who are defaulters of a loan come under the category of a subprime loan and have difficulties in repayment due to the dollar size limit.
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