Bad credit refinance mortgage loans for every State up to 97% Refinance. VA and FHA refinance
Bad credit refinance mortgage loansThings a lender is looking at to give you 97% bad credit refinance mortgage loans with a 640 FICO score, and below 640 FICO 80% LTV refinance, no seasoning is not a issue. If you are in foreclosure or default, we can still refinance you home loan at 65%
1. The first thing you need is your tri-merge credit score. I would suggest going to MyFICO.com because it will NOT affect your credit going there. Reminder, make sure you run the tri-merge with all three credit bureaus
2. What is your credit score?
3. Is your middle credit score is below 640, you can either go to a credit repair company or do it yourself. Doing it yourself is easy and I have included articles here which will help you repair it also. Remember, it is easy, just takes time. Before you know it, your credit will be cleaned up.
4. Do you have a bankruptcy or foreclosure in your past? Has it
been 2 years since it was discharged? If it has,
great but remember to check on the credit report to match up accounts
on the BK are also stated as BK on the credit report. Most subprime
lenders will give you a 97% loan if your BK is 2 years old. If your
BK is only 18 months out, you can still get a 95% refinance loan.