Bad Credit Home Mortgage Refinance

Many American homeowners have endured hardships that caused them to be late on some payments thus lowering their credit scores. This does not mean that these borrowers aren't worthy of mortgage refinancing for bad credit. Lenders Nationwide has mortgage refinancing options for all types of borrowers. Refinance your home for payment reduction, cash out, debt consolidation or simply accessing additional cash. Refinance loans can be a valuable tool for many purposes . Get a traditional Rate & Term Refinance mortgage or consider a Cash-Out Refinance while the interest rates are still below seven percent nationally.

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Find a Local Broker or Mortgage Lender in your neighborhood! Search for lenders and shop interest rates with the top home mortgage lenders online. Get free quotes for mortgage refinance and with programs for bad credit, rate and term, debt consolidation and cash out.

Mortgage Refinance Features:

  • 15,30 and 40-year fixed rates
  • Negative Amortization: 80-10
  • Interest Only: 2/28, 3/27, 5/1, 7/1, 10/1 ARM’s

Full Documentation and 12 Month Personal and Business Bank Statements

  • Loan amounts up to $2,000,000 for Full Doc and Personal Bank Statements
  • Loan amounts up to $1,000,000 for Business Bank Statements
  • Minimum 500 FICO and above for Full Documentation and 12 Month Personal Bank Statements
  • Minimum 560 FICO and above for Business Bank Statements

Stated Income and Reduced Documentation

  • Loan amounts up to $1,000,000
  • Minimum 600 FICO for Stated Income
  • Minimum 500 FICO for Reduced Documentation

Home Loans for borrowers with less-than-perfect credit, using Lenders Nationwide's flexible policies regarding bankruptcy, outstanding debt, and foreclosure.

  • Collections/Charge-offs/Judgments (title not affected) greater than 36 months are not required to be paid off (not required to pay medical collections)
  • Fewer restrictions for bankruptcy and foreclosure
  • Broker credit reports used
  • Full package incentive (up to 50 bps points rate reduction)
  • Up to 1x120+ housing payment history allowed
  • Rolling 30's and 60's allowed up to 6:1 ratio
  • Up to 6% seller contributions allowed up to 100%LTV

 

 

Fixed Rate Home Equity Loans and Variable Credit Lines

Find Better Home Equity Rates Today.
Compare up to 4 Free Lender Quotes!

Refinance your mortgage with reduced interest rates and cash out.

Choose from Conventional, Jumbo, FHA, VA, sub-prime etc.
Apply online now

Low Rate Second Mortgages.

$35,000 2nd Loans for only $199 month.
Refinance credit cards and get cash!
Get up to 4 Free 2nd Mortgage Quotes.

A better solution for lower payments.

Consolidate Debt and get a Fixed Rate even if you have bad credit scores.

Get 4 Free Quotes from lenders who specialize in Sub-Prime loans.

Low Rate HELOC’s and Home Improvement Loans. Get the cash you need for construction and remodeling.

Apply for Low Rate Home Equity Rates!

 

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