Bad credit refinance

If your credit is less than perfect and need to refinance your current mortgage whether it is at a high fixed interest rate or if you are on an adjustable rate that is set to adjust higher now is the time to look at refinancing.

The guidelines have changed and subprime mortgages for borrowers with bad credit have gone away over the last few years but there still may be help for you.  If your middle credit score is at least a 620 you may qualify for an FHA loan which allows you to refinance up to 96.5% loan-to-value refinancing with a lower credit score and still receive a low interest rate.

For more information on FHA loans please visit our FHA page for more information on qualifying for FHA.