WHat investor can do a rate/term refinance for somebody under a 500 credit score?

Question

I have a rate/term refinance, I need to know what banks out there can do a loan for someone under 500 score, besides Delta!

Answer 1

There are many lenders that will do loans for people under a 500 credit score. Lenders that will do these types of loans are generally equity driven and require a loan to value less than or equal to 70% (calculated by loan amount/appraised value). I'd be more than happy to point you in the right direction - the most important pieces of information in this scenario are the state where the property exists, and the loan to value ratio. If you want to check out the situation further give me a call.


Daniel Algieri
Loan Specialist
[phone] x 1491
[e-mail]