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Rookie,  in 48225

Can I refinance a land contract with a 625, 636 and 641 credit score?

Asked by Rookie, 48225 Wed Oct 23, 2013

I purchased a $65,000 home by way of a land contract, 10 months ago. I put $10,000 down on the property. I want to refinance to fha and my scores are 625, 636 and 641. Who will give me a…

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3
Possible I think you need to speak to a broker about it though. I know some lenders can get you refinanced with a 580 score, just go to The Lenders Network to see if they can help they are awesome!
2 votes Thank Flag Link Sat Feb 1, 2014
I would shop around, maybe Capital Funding. What will pay to your favor where you lack credit hopefully the property has increased and the extra equity will help on LTV loan to value. Hope this helps.

Good luck!!!
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0 votes Thank Flag Link Fri Oct 25, 2013
Hi Rookie
I'm a Michigan-based lender and we can do FHA loans with as low as a 600 credit score. I'd have to look at your complete situation to make sure, but it sounds like something we could do. Feel free to give me a call and I can take a look at things for you.

Tony Grech | Mortgage Loan Originator | NMLS #977416
PMAC Lending Services, Inc.
24901 Northwestern Hwy. #110
Southfield, MI 48075

Direct (248) 945-9070 ext. 278
Toll-free (855) 642-4762 ext. 278
Mobile (313) 622-7383
Fax (248) 945-4842

tony.grech@pmac.com
0 votes Thank Flag Link Thu Oct 24, 2013
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