Can I get a HARP refinance with poor credit?

Most investors require a satisfactory credit score. I have heard that there are some investors that will only look at your mortgage history, but it is probable that your rate would be significantly higher than a borrower with better scores. Personally, I have never seen an automated approval for a HARP loan for a borrower with a credit score below 620. Said another way, EVERY automated underwriting submission for a HARP refinance with a score below 620 was referred, or declined. Tread cautiously and don't. forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

It really depends on what you mean by "Poor Credit"... Because your entire profile is loaded into an automated underwriting system, there's just too many factors that go into whether your approved or declined.. And without knowing those specifics, it's hard for anyone here to say yes or no.. I have had borrowers with 740 credit scores get denied, and I have had borrowers with 670 scores get approved.. The automated underwriting system looks at EVERYTHING.. Income, assets, reserves, bank balances, credit history, etc... My point is that it more than a credit score.. Much more, that the decision is based on.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

Yes! Call me as soon as you can so I can talk to you about your situation. Call me on my cell at 801-971-6901 and you can always go to my website to get started at www.carlo.blueroof360.com. Thanks Carlo

It is possible to obtain a HARP loan with poor credit. My name is Casey Persinger I am "A" rated with the BBB and would love to discuss your scenario I can be reached at 802-682-LOAN (5626)

It will depend on how low your score is. The rate will not be as good with poor credit. Your best option may be to improve the score and then apply.

Yes, you can - but there are many factors that play into getting a HARP loan besides credit. Your rate will be higher with poor credit and as one of the answers stated - you might want to see if there is a way to improve your credit score. I have worked with many clients over the years and have helped people raise their score to help them save money. Give me a call. Let me look at your situation and I can give you a better idea of how you might be able to refinance your home loan. I am in Utah. 801.550.1222. Linda

first , what is on your credit report? have you used credit recently or all of it is old ? there are many factors , some that are not really fair that contributes to your credit score .. please email me at yourloanpartnerforlife@live.com or phone me at 602 330 1598 linda

Maybe... Depends on how low the score is and your overall situation. Contact a local NON-Bank Licensed lender, give them a full application, and let them make a professional analysis.

Depending on who your current loan services is, its a possibility, have you contacted them directly?

The HARP program does have payment history requirements. The basic requirement is that you do not have any late payments over the last 12 month period. Beware that some lenders require that paymets were madce on time for the last 24 months and even some require that you have not made any mortgage payments over 15 days late. The best advise is to talk to a local mortgage broker that can give you the best options.Good LuckDoug CAire - Oak Tree Mortgage Company 504-684-8522