FHA cash out refinance situation? help needed?!?
I’m thinking of doing FHA cash out refinance for my home. My current loan is an ARM and wants to change it to a 30-fixed. Can anyone that is a loan specialist or an underwriter or anyone that has any knowledge about loans tell me if my situation has a possibility that it could be approved? Or if it can’t what other options do I have?
Here’s me & my husband overall situation:
- Credit score’s are low between 550 and 580
- 1 late payment with current mortgage for the month of July 08
-we are both employed
- Me for 4 years
- husband for 7 years but took 1 year off for an illness in the family then went back to the same company.
- Our income is excellent don’t have to worry about that part
- Home equity of about 0,000.00
- Just want to take out about ,000.00
I’m desperate for any help that I can get because my ARM has expired. And I can’t afford to keep up with these high payments.
Let me know any lenders or anyone that can help me.
Thank you!!
Related FHA and HUD Posts
- Potential pitfalls of two lenders working on the same FHA mortgage loan?
- FHA Streamline Refinance Bad Deal
- Are You a Good Candidate for a Streamline FHA Refinance?
- Getting Good Mortgage Refinance Rates on Bad Credit
- Poor Credit Home Loans – Some Valuable Facts!
- A Guide to FHA Reverse Mortgage Seasoning – Financial Web
- Home Loan Programs for Newbies and Current Home-Owners | Real …
- Why is a 720 Credit Score so important?
- FHA Eases Concentration, Other Condo Rules : Speaking of Real Estate
- Trust Your Lender » Blog Archive » FHA “Flip” Rule
- Trying to get an FHA loan,should I try more then 1 lender?
- fha mortgage tradeline question?
- what credit score do u need for fha loan?
- what are the qualifications for getting an FHA loan?
- Where can I get the best information/help with moving out into a townhome or condo?
- What happens if The buyers back out of buying my house after they have already been approved for their mortage?
- 100% Florida FHA Loans – FHA Mortgage accepts down payment assistance
- Difference Between Home Loan Modification And FHA Refinance
- Florida FHA Loans, Florida FHA Mortgage, Florida FHA Lenders, 97% Financing
- Will overdrafts hurt me in applying for an FHA mortgage?
- Can income from renting out rooms help you qualify for a larger FHA mortgage?
- Mortgage question. Please help!?
- Questions on my mortgage application?
- Florida FHA Loan, Florida FHA home loan, 97% Financing …
- Learning English: FHA Loans
- American Wide Loans presents affordable VA streamline finance
- Embrace Home Loans Announces New Branch in Raleigh, N.C.
- FHA Home Loans vs Conventional Home Loans « Home Loans
- “FHA Loans, 203k, FHA 203K Mortgage, San Diego”
- “mortgage refinance rates”
- FHA Raises Down Payments, Premiums Amid Mortgage Delinquencies
- 1 Remax Realtor Agent Eastvale
- FHA tightens loan requirements
- Government officials investigate 15 FHA lenders
- FHA lenders subpoenaed in default rate inquiry
- Mortgage Phoenix AZ Americana Mortgage
- Government officials probe 15 FHA lenders
- conventional mortgage versus fha mortgage?
- H.R. 3221 Housing and Economic Recovery Act of 2008
- i would like to know how to assume an fha mortgage?
- COMPARE MORTGAGE RATE-REFINANCE-MORTGAGE LOANS-HOME EQUITY LOANS-HOME LOANS VISIT US NOW AND APPLY ONLINE NO FEES GUARANTEED APPROVAL
- FHA Loans Don’t Apply in Downtown LA
- FHA Streamline Refinance Under 620 FICO | FHA Streamline Refinance
- Window Closing on FHA Loans
- What Are FHA/HUD Loans Loan? Florida FHA loan 97% w 580 FICO
- How to find the best fha refinance lenders
- Still Under A Mortgage? Try An Fha Refinance Plan
- FHA mortgage Florida, Florida mortgage, FHA mortgage loan , Florida FHA loans
- BAD CREDIT FHA LOANS
- FHA provided a much-needed safety net during a turbulent year
Tags:
credit score,
current mortgage,
FHA,
FHA Refinance,
home equity,
lenders,
loan specialist,
loans,
month of july,
underwriter
This entry was posted
on Tuesday, June 2nd, 2009 at 9:08 am and is filed under FHA Refinance.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Top incoming search terms for this post
with the present crisis and everything up in the air who knows — everyone is awaiting guidance — suggest you test the waters and approach your local bank and see what they say first hand!!!