Bad credit refinance mortgage loans for every State up to 97% Refinance. VA and FHA refinance


Bad credit refinance mortgage loans

Things 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?
Most mortgage lenders will use the middle of the three scores. Your goal should be at least a 640 if you are going to do a full doc program.
* Don't worry if not 580, I will go into a few steps to help you correct the errors and/or how to correct them.
* Also check out the credit repair link articles I have included on here.

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.

Bad credit refinance mortgage loans summary

FICO 640 or above for 97% Full Doc, Can refinance above a 580 FICO score with a lower Loan to value.

Can refinance above a 500 FICO score with a lower Loan to value.

In today's market we are looking at 65% below

Bk must be older than 2 years for 97% Refinance

Yes, refinance with bad credit is that easy, WE make refinancing easy, no matter the reason.

There are always exceptions to guide lines and yes, they are changing all the time. If you work with these as a general guide line, you will have a better understanding of 97% bad credit refinance mortgage loans.

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