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Licensed in the State of Florida


New FHA guidelines 2014

New FHA guidelines 2014

January 9, 2013


What's the minimum credit score to refinance?

The answer is. It depends on who you ask.

All the major banks Wells Fargo, Bank of America, Chase, Citigroup, etc. have minimum credit score requirements. When you apply for a mortgage at a major bank and they tell you their minimum credit score requirement is 640. This does not mean that it's the minimum credit score to qualify for a mortgage. It means that they are the bank's minimum credit score requirements.

After the financial crisis of 2008 all the major banks raised their standards for approving loans they will refinance. Because the banks make the rules for loans they will approve they may require a minimum credit score of 640 for their loans. These guidelines are the bank's guidelines. What this means is that all the major banks including Wells Fargo, Bank of America, Chase, Citigroup, etc. banks make the rules for the loans they approve.

Updated FHA refinance requirements

FHA streamline   FHA cash out refinance   FHA refinance

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Refinance

Please note that all fields followed by an asterisk must be filled in.

Call us 888.958.4228

HARP 2.0  FHA streamline  VA rate reduction program  FHA Refinance

Fannie Mae Cash Out refinance Refinance mortgage Freddie Mac


We look forward to working with you.

KEYWORDS: New FHA guidelines 2014 Florida,



Minimum credit score needed

to refinance


Apply Now!

or

Call 888.958.4228


FHA Loans

Requires a minimum credit score of 500 to refinance

FHA minimum

credit score 500


FHA streamline

requires no minimum credit score to refinance

FHA streamline

no minimum credit score


VA Loans

Requires a minimum credit score of 500 to refinance

VA minimum

credit score 500


HARP refinance

requires no minimum credit score to refinance

HARP no minimum

credit score


Fannie Mae

Requires a minimum credit score of 620 to refinance

Fannie Mae minimum

credit score 620


Freddie Mac

Requires a minimum credit score of 620 to refinance

Freddie Mac minimum

credit score 620


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888.958.4228


Apply Now!