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Credit score 606 ... any advice for a lender for a refinance?

by wsmith37830 from Charlotte, North Carolina. 15 days ago Reply


What type of loan is your current mortgage (conventional, fha, va, usda)? Depending on the mortgage type, I can refinance with that score.

15 days ago
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Currently conventional FHA loanI am VA eligible

15 days ago
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If it is FHA then I definitely can help with refinancing. Why dont you send me an email to chuffstetler@umafi.com and we can set a time to talk about the specifics.

15 days ago
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LaWanna Bradford (lawanna@bradfordgroupmtg.com)
#110 ranked lender in Georgia - 4 contributions

We are able to do loans with that score. What type of loan program are you seeking...VA, FHA, or non-prime? We have programs for both owner-occupied and non-owner occupied properties.

15 days ago
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,727 contributions

More info needed... Loan type, (FHA, VA, USDA, Conventional) has different lending guidelines.. also, loan's are prices based on a "Tri-Merge" credit report for ALL borrowers, and then we use the LOWEST mid score.. without knowing all 3 credit scores on all borrowers, it's impossible to advise you.. Also, with a 606, you have to have some pretty serious credit issues.. Certain derogatory credit events have mandatory waiting periods, Understand that the credit score is just one of hundreds of items analyzed when determining one's eligibility.. There are loan programs out there that will allow for refinancing with a 606.. but again, we need to analyze your complete loan profile to advise you.. for this reason, I suggest you contact a mortgage bank/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

14 days ago
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