CASH OUT REFINANCE MINIMUM CREDIT SCORE FLORIDA

Mortgage-World.com is an online mortgage company specializing in cash out refinance minimum credit score of 500.

We have over 20 years experience in the mortgage industry and we are licensed in New Jersey, Connecticut and Florida.

Cash out refinance minimum credit score Florida of 500 up to 80% LTV. Access the equity in your home today.

For a quicker response, call 201-403-8673

CASH OUT REFINANCE MINIMUM CREDIT SCORE FLORIDA
CASH OUT REFINANCE MINIMUM CREDIT SCORE FLORIDA

CASH OUT REFINANCE MINIMUM CREDIT SCORE FLORIDA

Cash Out Refinance Minimum Credit Score:

  • Minimum credit score of 500 required
  • No credit scores allowed
  • 12 months of on time mortgage payments
  • 20% equity in the home after cashing out
  • Late payments on revolving accounts and installments accounts acceptable

Eligible Property Types:

  • Single Family
  • 2-4 Units
  • Condo
  • Townhouse
  • Manufactured homes
  • Mobile homes

CASH OUT REFINANCE MINIMUM CREDIT SCORE FLORIDA

What is the Cash Out Refinance Minimum Credit Score Florida?

The cash out refinance minimum credit score is 500. The first step is to see if you qualify for a cash out refinance is to get pre-qualified. If you have enough equity in your home and no late payments on your mortgage in the last 12 months, then you may be able to qualify for a cash out refinance.

We will need to review your income and credit report to determine if you qualify. If you are a W2 employee, we will require your most recent 30 days paystubs and last 2 years W2s. If you are self-employed, we will require your last 2 years tax returns.

What If I Have a Chapter 7 or Chapter 13 Bankruptcy?

At least two years must have elapsed since the discharge date of the Chapter 7 Bankruptcy, according to FHA (Federal Housing Administration) guidelines. 

FHA will approve a borrower who is paying on a Chapter 13 Bankruptcy if those payments have been made on time for a period of one year.

What If I Have a Foreclosure or Short Sale?

You can qualify for an FHA loan three years after a short sale, as long as you weren’t late on mortgage payments at the time of sale.

At Mortgage-World.com, we help borrowers with less than perfect credit scores cash out the equity in their home while also making the process as quick and easy as possible. The refinance process can take as little as 2 weeks to close and the only out of pocket expense will be an appraisal which usually costs around $500, depending on the property type.

Reasons to Do a Cash Out Refinance:
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For a quicker response, call 201-403-8673

CASH OUT REFINANCE MINIMUM CREDIT SCORE FLORIDA

Mortgage-World.com

Written by: Chris Luis, loan officer for Mortgage-World.com

  • Chris Luis covers mortgages and the housing market. Chris Luis has over 20 years experience in the mortgage industry.