FHA Loans Provide Refinancing Solution for Greater Baton Rouge Residents with Bad Credit

Posted in Appraisers In Baton Rouge, Ascension Parish FHA Appraisers, Baton Rouge Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Real Estate, Denham Springs Appraisers, Denham Springs FHA Appraisers, East Baton Rouge FHA Appraisers, FHA Appraisers Baton Rouge, Livingston Parish FHA Appraisers, West Baton Rouge FHA Appraisers. Written by http://batonrougefhaappraisers.com/ on September 10th, 2009

http://www.batonrougefhaappraisers.com – FHA Loans Provide Refinancing Solution for Greater Baton Rouge Residents with Bad Credit

FHALoanPro’s Karen Lawson has an interesting article, “FHA Loans Provide Refinancing Solution for People with Bad Credit“. Here’s a snippet,

“FHA Guidelines: More Lenient Than Conventional Refinancing

Refinancing to an FHA mortgage loan makes sense if you’re short of cash or have bad credit. Here’s how FHA guidelines for approving a mortgage can help you:

Low down payment/home equity requirement: Down payments or home equity of as little as 3.5% of your home’s value reduces the amount of home equity and/or cash you must provide.

No minimum credit score required: Increasingly strict credit requirements are making it difficult for many homeowners to qualify for traditional refinancing. FHA guidelines don’t require a minimum credit score.”