Can i still get a streamline fha refinance with bad credit?

Perhaps. Most lenders that do FHA Streamlines require the borrower to have a minimum score, even if the mortgage has never been late. Talk with a local Mortgage Banker/Broker to find out how bad you credit is. If you have been working on it, it may not be as bad as you think, and may be good enough to get the refi done. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

There are lenders out there that will do a streamline without a credit report.. so long as your mortgage payments have been made on time.. I'm not sure about TX, but we do have a lender here in AZ... the real question is what do you mean by bad credit?? Most FHA borrowers have bad credit and low scores.. For most lenders 640 is the benchmark..I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

What do you consider bad credit. The industry norm would be a middle score of 640. However, some lenders do not have a minimum score required for an FHA Streamline. If your credit has recovered entirely, a conventional refi may be your best option. Get together witha local lender to see your options. Best of Luck!

It all depends on what your credit score is now and what kind of streamline you qualify for. I can answer all of your questions quickly and efficiently on a short phone call. No cost or obligation. Just straight answers.Brad Cahoone - bcahoone@globalhomefinance.com - http://globalhomefinance.com/apply.php - 972-724-3222 ext.227

Also, we can meet face to face if you would like. My office is at the corner of Valley Ridge and Mill St in Lewisville, TX! Let me know. Brad Cahoone - 972-724-3222 ext 227

Yes as long as you get into the min credit score range with the lender you chose you can do a streamline refinance. Most lenders ask that you be over 620 with at least 2 of your credit scores but some will allow you to go to 580.