Can I Refinance a Home Loan with Bad Credit?
Yes you can! There are several ways to refinance a home loan with bad credit. Ocean Lending has options for borrowers that help them refinance their home loans with FICO’s as low as 500. Below we will dive deeper into the best loan options so I can show you how you can refinance your home.
What Loans are Available with Bad Credit?
There are several great loan products available to help those with bad credit. FHA & VA insured loans, and Private mortgages are all great options to help you refinance a home loan with bad credit. Ocean Lending is a Direct Lender and is able to offer financing all the way down to 500 FICO.
How to Refinance a Home Loan with Bad Credit
Whether you are interested in FHA or Private mortgages, or you are a Veteran, Ocean Lending understands that you may have had a bumpy past, in regards to your credit, and that is okay! Our loan programs are designed to help you refinance your home and get into a better overall situation. We believe that someone should not be barred from refinancing their home, just due to a lower FICO score. Even if you have collections, late payments, or liens, Ocean Lending may still be able to help you refinance your current home loan.
If you have bad credit due to a short sale, foreclosure, or bankruptcy, that is also okay. Ocean Lending has loan products that allow you to refinance your home loan sooner than conventional lenders. If your poor credit is a result of high balance debt, that is also okay, Ocean Lending has loan programs that can help you consolidate debt, check out this page to learn more about how you can consolidate high balance debt through refinancing.
How to Start the Refinance Process
The first step to the home loan refinance process is to speak with a qualified loan professional. Thankfully you are already at the right place. Ocean Lending has several Loan Experts that can help you get approved to refinance your home by starting with a Free Mortgage Analysis, which should take about 5 minutes. This Free Mortgage analysis will show you the steps to getting approved for the refinance you want, whether it be to cash out, lower your rate, or change your term, we can help.
To get in contact with a Loan Expert you can fill out the quick quote form on the right side of the page, or you can call us at 949.613.5669 and just simply ask to speak with a Loan Expert. If you do not get through right away and our lines are busy, please call back.
Ocean Lending provides a Mortgage Analysis free of cost, to all clients. It only takes 5 minutes, and there is no obligation to work with us. What do you have to lose? Contact us today at 949.613.5669 so we can show you how you can get approved to refinance your mortgage.