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Refinance with a 630 credit score

by Manjoeltess815 from , California. 16 days ago Reply


Hans Bruhner (Hans Bruhner)
#133 ranked lender in California - 113 contributions

The simple answer is yes. Without knowing all of the particulars, let me just tell you that a score of 630 will affect the cost of the loan or the interest rate on a conventional loan. The more equity you have in the property, the less the credit score will affect you. An FHA loan does not ding you as badly for a score of 630 as a conventional loan does. I am in California myself and happy to discuss if you want to call.

16 days ago
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,895 contributions

Not really sure the question, but if asking if you can refinance with a 630 credit score, the answer is probably. 630 is a low score for home loans, so that will take you out of many programs, increase your interest rate, or limit your maximum loan-to-value... I lend in MN, WI, and SD, and can be reached at JoeMetzler.com NMLS274132

16 days ago
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Dave Skow (daveskow)
#1 ranked lender in Washington - 224 contributions

possibly ..what loan amt? value ? did you have any bankruptcies / foreclosures / short sales in credit history ? do you want to refinance the existing loan or also pull out cash ?

11 days ago
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Mel Baker (makinghomeloanssimple@gmail.com)
#1 ranked lender in California - 13 contributions

You do have options my friend! Get with a great mortgage professional to discuss options.Feel free to give me a call regarding the options available to you. NO OBLIGATION. If decide to work together I will offer you the absolutely lowest cost scenario possible.Mel S.BakerArcstone Financial(310) 985-9778 NMLS 80541

2 days ago
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