does any lender still do cash outs in texas with a 594 fico?

bethw · Joined: 07 Jan 2008 Posts: 1 1.30 Dollars($)

I need a cash out for house repairs with a 594 fico. Does anyone do this anymore?

larry · Joined: 27 Jun 2007 Posts: 3328 473.40 Dollars($)

Hi Bethw,

Welcome to the forum,

I think you can be able to do cash out refinance although your credit score is not too good. There are so many lenders in this community. You can go to the lender's section at http://www.mortgagefit.com/unitedstates/ and try to contact them.

Feel free to ask if you have any further questions.

Best of luck,
Larry

0.10 Dollars($)

Yes......what is the value of the home.....and what is the loan amount you are looking for?

Sorry that's me repsonding....

Cedric

lisascherzer · Joined: 04 Jan 2008 Posts: 599 69.58 Dollars($)

Yes you can do a refinance with a score of 594 as long as you dont need to borrow more than 80% of your homes value since that is the law in Texas.

evolovik26 · Posted: Tue Jan 08, 2008 7:58 am Post subject:

Yes you can but there will be restrictions to how much you can borrow as compared to the value of your home and unless you get an FHA cashout loan you will likely see pretty high interest rates.

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