Not surprisingly, women are statistically more likely to end up with a subprime product than men. This is due to the fact that many women are single parents and head of household. They still make significantly less than men do, and typically shoulder the lion's share of the burden of raising the children alone, both economically and emotionally. This of course, makes them more of a lending risk.However, in the big picture, if a subprime loan is all a woman can secure due to her economic factors, that I believe she is still better off purchasing her own home than continuing to rent. It is more expensive, but still worth the investment in the aggregate. This should be done only with good counsel from her REALTOR and Mortgage Professional such that she doesn't get in over her head. The best strategy in my opinion is to buy a home that is a solid investment with a strong likelihood of appreciation. Even if this ends up to be a tiny cottage, most of the time it's still a better option than continuing to rent.
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