Which type of borrowers are potentially justifiable for subprime loans?

Subprime loans are specifically designed to accommodate borrowers who may not meet traditional lending standards, typically due to lower credit scores or limited credit history. This means that certain categories of borrowers might find themselves needing subprime loans, despite any attributes that might otherwise make them seem unlikely candidates.

Individuals with high income could potentially justifiable for subprime loans if they have significant debt or other negative credit circumstances that prevent them from qualifying for prime loans. Additionally, creditworthy persons who seek a 100% loan-to-value (LTV) loan may be considered for subprime loans, particularly if they don't have the required equity to secure traditional financing. Lastly, individuals with perfect credit reports are generally more suited for prime loans, but in some cases, they might choose subprime loans for reasons such as quicker processing or lower fees associated with these loans.

Since subprime loans can serve a variety of borrowers with unique financial situations, it's accurate to conclude that all the types mentioned could potentially justify the need for subprime financing, reflecting the broad and diverse nature of the subprime lending market.