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Is it possible t get a Mortgage streamline refinance with a credit score of 580, self employed?

by yolandamitchell02... from Browns Mills, New Jersey. Aug 21st 2015 Reply


FHA does not require a credit report to be pulled. However, most, if not all lenders will require a credit report.A standard "benchmark" minimum credit score for the FHA streamline program is 640. However, some lenders will allow a score of 620 or even 600. If you are denied, shop around. You might find a lender who approves your application. There is no income documentation required other to verify employment.

Aug 21st 2015
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Timothy B Miller (tmillerhomeloans)
#131 ranked lender in New Jersey - 3 contributions

We can help you with this. You can reach me at 856-974-5357.

Aug 21st 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,788 contributions

There are lenders out there that will do FHA streamline refi's without a credit score, ( I have 2 out of 21 lenders)however there are not many.. Try contacting a LOCAL mortgage 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 your LOCAL 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 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 larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Aug 21st 2015
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