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Texas lending refi with cash out with 625 credit score. Is that possible?

by kris_c_elmore765 from Midland, Texas. Jan 14th 2014 Reply


David Werner (hardmoneylenders)
#974 ranked lender in California - 1 contribution

Yes it is doable, can you send your contact info to imoneyloans@gmail.comRegardsDavid

Jan 14th 2014
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Tom Pfister (BayEquity)
#77 ranked lender in Texas - 2 contributions

Yes. Feel free to email me at TPfister@AmeriproFunding.com My office and underwriters are in Texas.

Jan 14th 2014
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Joel Dyke ()
#1 ranked lender in Texas - 4 contributions

Hi Kris. Yes...this is possible. I'd be happy to speak with you and see if we have a loan option that could be a good fit for you. Once we have some basic info I can run some numbers and see if it would make sense for you. Please call or email at your convenience.Thanks!Joel DykeSMI Lending Inc.214-295-2928 directjoel@smimortgage.com

Jan 14th 2014
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

Yes, contact the other lenders that have responded to your post!

Jan 14th 2014
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Jamie Lynne (nationwidelenderforyou)
#137 ranked lender in Texas - 576 contributions

Texas A-6 law, allows up to 80% cash out on a owner occupied property.Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Jan 14th 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Yes, it will be possible, but the rate will be high because of the low credit score.. also understand that Texas has some very specific laws regarding cash out refinancing.. (A-6) 80% maximum Loan to value... Contact someone local to make your loan less stressful, and I would recommend a broker vs. a bank.. Brokers have access to numerous lenders seeking out the best terms for your particular scenario. And because they are smaller than the local big bank, they have lower overhead, and can most oftentimes get you lower rates and fees.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jan 14th 2014
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