Refinance jumbo with 680 FICO

Asked by Skidoo, Highland Park, IL Thu Jul 18, 2013

My credit score took a big hit and is now in the 680's due to using revolving credit to finance major remodel of a foreclosure that is now my personal residence. I have 20% of the 800K appraisal. Any lenders out there that can do this.

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5
Pedro Porcayo, Broker’s answer
Pedro Porcayo…, Agent, West Chicago, IL
Fri Jul 19, 2013
Most Jumbo program at 80% required 720 credit score. My loan officer can do a rapid re-score once he runs your credit and he call tell you what you need to do, if anything, to get to the 720. Contact him at jrodriguez@peopleshomeequity.com or visit his website at http://www.mortgageloansil.com Jorge Rodriguez.

Good luck
0 votes
lendersnetwo…, Agent, Plano, TX
Sun Sep 1, 2013
Yes I know a lender or two that requires a 680 for a jumbo refinance, have helped out several of my clients in the same situation. If you want a referral email me or visit our website.
1 vote
Peter Schif…, , Northbrook, IL
Fri Jul 19, 2013
Skidoo,
We can go up to 80% Jumbo here at Citibank with 700 score. Please give me a call to discuss your options. I'll be happy to give you additional advise on FICO score improvement.

Please give me a call at 847 498 9566. My office is located in the Northbrook branch of Citibank.

Thank you,

Peter Schifrin
Home Lending Specialist
Citibank, N.A.
0 votes
Michele Wils…, Agent, Lake Forest, IL
Fri Jul 19, 2013
You should be able to refinance with a 680 FICO score. You may need more than 20% down because it's a Jumbo. Brian Jessen of Guaranteed Rate in Bannockburn can help you with your options.
0 votes
Sarah Rothsc…, Agent, Winnetka, IL
Thu Jul 18, 2013
It seems like a good idea to start at the bank where you have the majoritY of your banking. Use their offer to you to compare with other offers you get after that.
0 votes
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