CFPB data show $1.13 billion in new mortgages to borrowers with deep subprime credit scores in February 2026, seasonally adjusted, up 71% from $0.66 billion in February 2025. The CFPB says the most recent six months of its data are not final.
The year-over-year jump partly reflects a low starting point. February 2025 was the lowest month between March 2024 and February 2026; from March 2024 through January 2025, deep subprime volume ranged from $0.70 billion to $1.08 billion a month. Deep subprime loans are a small slice of the market: 0.6% of all new mortgage dollars in February 2026.
New mortgage volume by credit score tier
| Month | Deep subprime | Subprime | Near-prime | Prime | Super-prime | All tiers | Deep subprime share |
|---|---|---|---|---|---|---|---|
| Feb 2025 | $0.66B | $2.59B | $7.11B | $21.54B | $93.74B | $125.6B | 0.53% |
| Mar 2025 | $0.82B | $2.71B | $7.76B | $22.79B | $103.78B | $137.9B | 0.59% |
| Apr 2025 | $1.51B | $2.80B | $8.64B | $24.08B | $108.29B | $145.3B | 1.04% |
| May 2025 | $1.47B | $2.95B | $8.05B | $23.73B | $109.49B | $145.7B | 1.01% |
| Jun 2025 | $1.41B | $2.86B | $7.54B | $23.15B | $109.76B | $144.7B | 0.97% |
| Jul 2025 | $1.28B | $3.10B | $7.78B | $23.28B | $111.00B | $146.4B | 0.88% |
| Aug 2025 | $1.12B | $3.18B | $7.79B | $24.62B | $112.68B | $149.4B | 0.75% |
| Sep 2025 * | $0.92B | $2.95B | $7.87B | $24.74B | $121.20B | $157.7B | 0.58% |
| Oct 2025 * | $1.10B | $2.93B | $8.56B | $26.99B | $133.32B | $172.9B | 0.64% |
| Nov 2025 * | $1.17B | $3.25B | $9.51B | $27.90B | $142.22B | $184.0B | 0.63% |
| Dec 2025 * | $1.18B | $3.43B | $8.66B | $28.61B | $143.54B | $185.4B | 0.64% |
| Jan 2026 * | $1.13B | $3.60B | $9.41B | $29.25B | $149.11B | $192.5B | 0.59% |
| Feb 2026 * | $1.13B | $3.86B | $9.35B | $30.63B | $156.88B | $201.8B | 0.56% |
Seasonally adjusted dollars of new mortgages per month. * Within the six most recent months, which the CFPB says are not final. The share column is our calculation. The CSV has every month from January 2007, adjusted and unadjusted.
What this counts
The CFPB Consumer Credit Trends series uses a sample of de-identified credit records from one national credit bureau. Volume is the dollar amount of mortgages newly appearing on credit records in the month, grouped by the borrower’s score at origination; deep subprime is a score below 580. It counts loans made, not applications. For application outcomes see home-purchase denial rates by state.
Source
Consumer Financial Protection Bureau, Consumer Credit Trends, mortgages, origination volume by credit score (volume_data_Score_Level_MTG.csv), downloaded October 13, 2026. U.S. government data in the public domain. Our table is available under CC BY 4.0. Credit "My Credit Guide (mycreditguide.org)".
Steven Reynolds, "New Mortgages by Credit Score," My Credit Guide, October 13, 2026, https://mycreditguide.org/data/mortgage-originations-by-credit-score/.