Licensed in the State of Florida only.


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.
My current mortgage is a*
Property State*
When do you want to close*
Describe your credit
Property Type*
ZIP code of property*
Use of property *
Refinance type you want*
Are you requesting a loan with a spouse or co-borrower*
If yes, co borrower first name
Co borrower middle initial
Co borrower Last name
Please choose a suffix
Co borrower Address
Co borrower social security number
Co borrower date of birth
Co borrower total monthly debt payments, excluding housing
Co borrower annual income
Co borrower employment status
What interest rate do you have now*
Fixed rate or Adjustable*
Current loan balance - How much do you owe now*
Property value*
Have you had a mortgage late payment in the last 12 months*
Have you ever declared bankruptcy, when was it discharged*
Do you have any foreclosures*
Have you ever had a short sale*
Your first name*
Your middle initial
Your last name*
Please choose a suffix
Daytime/Work Phone*
Evening Phone*
Cell Phone*
What is your email address*
Current mailing address*
City*
State*
ZIP code*
How long have you lived at this address*
Date of birth*
Marital status*
Citizenship status*
Social Security #*
Annual Income*
What is your monthly housing payment*
Annual Premium Homeowners Insurance*
How much are your property taxes a year*
Please tell us about any special circumstances that may apply to your loan request and/or the best time for us to call you

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

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


Call Now, Our Staff is Available

888.958.4228


Apply Now!