Posted on: 07th Jul, 2009 08:58 am
i now have bad credit thanks to my exwife, and i need to refinance to get her name off my mortgage...i need to refinance right away to get my exwife's name off my loan or she will force the sale of my house. it is in the divorce papers, so she has the legal right to do it, but she left me with a lot of bad debt and my credit has suffered. she won't sign a quit claim and she knows that i'm having a hard time finding someone to refinance the loan. is there any mortgage companies that will refinance someone with low credit scores? i understand the rate will be higher but i need to keep my home. please help....
FHA finances non-FHA homeowners down to a 620 credit score per standard guidelines. If you currently have an FHA mortgage, there are lenders financing down to 500 credit score.
Also, there are a few lenders (depending on location) who will finance via FHA down to 580 credit score.
I hope this helps...
Also, there are a few lenders (depending on location) who will finance via FHA down to 580 credit score.
I hope this helps...