Trying to refinance a conventional loan with approx. 105% LTV.

Compare Mortgage Quotes

Loan Amount :

Loan Term and Type

Property State :

Type of Loan :

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

disclaimer

Trying to refinance a conventional loan with approx. 105% LTV.

jameshogg

Posted on: 02nd Jul, 2009 03:16 pm

i can't find a lender to refinance a conventionl 5-yr arm with fico in mid-600's, on-time payments, excellent income, but ltv is right around 105%. the only programs i find are either with fha, fanniemae, and freddiemac.

Total Reply : 2

Hi Guest,

Though you're paying your mortgage dues on time or you've an excellent income, lenders will not give you a loan because of your credit score. With a credit score of mid-600, it would not be possible for you to get a conventional loan. In order to get a conventional loan, you should have a credit score of 700-720. With a credit score of mid-600, you would only get FHA loans.

Thanks

jameshogg

Posted on: 02nd Jul, 2009 08:14 pm

Your credit scores are not in the top tiers as you know, however we are able to do loans down to a 585 credit score if your income and mortgage payment history is strong!

jasmineh

Posted on: 07th Jul, 2009 10:11 am

Post Your Comment