Fair Credit Mortgage Loans with FHA Refinancing

The Department of Housing and Urban Development extended FHA refinancing with mortgage loans for people with poor and fair credit scores. Nationwide provides loans for fair credit with more opportunities for homeowners who are looking to lock in an affordable fixed rate for thirty years. We offer discounted mortgage rates for when refinancing with FHA for cash out, rate and term refinancing and even streamline loans for borrowers who already have a FHA loan. Many homeowners have endured hardships that have caused their credit rating to be down-graded. We provide a path of lower payments for people seeking a mortgage refinance with fair credit scores.

Competitive Rates for Fair Credit Mortgage Refinancing with FHA

Our government insured loans were created to ensure that all Americans were given an equal opportunity to purchase or refinance regardless of the credit score, race, or neighborhood that their property is located in. Unfortunately, many homeowners come into financial hardships because of medical problems or temporary loss of employment. Our FHA lenders are trained to look for compensating factors to help overcome poor or fair credit scores that traditional lenders continue to reject.

Fair Credit Mortgage
FHA Mortgage Loans Offer Fixed Rate Refinancing so you can get back on the road to financial success.

Our FHA mortgage loans may be able to reduce your monthly payments and eliminate variable interest rates. Our FHA lenders have helped thousands of people with fair credit refinance into a loan that is more affordable with fewer risks.

  • Combine your mortgage and home equity loan together into one mortgage for lower monthly payments

  • 95% Cash out Refinancing enables borrowers to consolidate credit card debt with their new mortgage

FHA mortgages continue to be used as an effective refinancing tool for homeowners seeking an avenue to escape their costly adjustable rate mortgage. Consumers with past credit problems like bankruptcy or consumer credit counseling may qualify for a great interest rate on a 30-year fixed rate mortgage.

Compare FHA Refinance Loans with Opportunities for All Types of Credit

Our FHA refinancing choices provide better opportunities for refinancing than sub-prime mortgages. The current refinance rates have been very aggressive with loans insured by the Federal Housing Administration. In recent years, FHA refinance rates have been about 3% lower than the non-prime alternatives and we never charge a pre-payment penalty with government loans. Since HUD increased the loan limits, thousands of homeowners suddenly have new options for refinancing their 1st and 2nd mortgages together. We recommend that you discuss your needs and financial goals with one of our experienced loan officers immediately. When you work with HUD approved companies you can expect to get the best offers on FHA refinancing.

 

Free Finance Guides & Helpful Consumer Reports

Take advantage of our free loan guides that are provided to help make decisions when it becomes time to refinance your home.

How to Refinance a Mortgage
Many applicants have not refinance in recent years, so they really appreciate how our team walks them through the process.

Understanding Credit Scores
Consumer Guide -Rate Locks


FHA in the News
FHA in the News
FHA Struggling with Modified Mortgages
The number of delinquent FHA mortgages jumped last quarter after half the mortgages that were modified began defaulting. The increase in foreclosures could lead to stricter FHA guidelines. Many realtors and economists fear that this measure could discourage home buyers out of the market. According to the National Association of Realtors, first-time homebuyers accounted for 33% of real estate sales in March.  Read the rest of the Bloomberg article.
Additional Refinancing Pages:
FHA Home Loan | 203K FHA Home Improvement Loans | FHA Streamline Refinance | 100% Refinancing | Bad Credit Refinance | Fair Credit Mortgage Loans | FHA Refinance | 85% Cash Out FHA Refinance Loans | FHA Mortgage | Energy Efficient Home Loans | Home Refinance Loans | Streamline Refinance | FHA Loan for Bad Credit | HARP Refinance | Bad Credit FHA Mortgage | No Credit Home Loans | FHA Rules For Gift Funds And Down Payments | How FHA Mortgages May Burden US Tax Payers | How FHA Financing Could Slow Housing Recovery | Application for FHA Loan
Other Popular FHA Mortgage Loans:
95% FHA Cash Refinance Loans | 97% FHA Refinance Loans | FHA Mortgage Rate Refinance | 2013 FHA Mortgage Limits
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BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide is affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2012, Nationwide Mortgage Loans, BDnationwidemortgage.com. All rights reserved. Do not duplicate in any form. Please note that interest rates an requirements may vary from lenders offering refinancing on a fair credit mortgage. BDNationwideMortgage.com does not have any affiliation with the FHA or any other government entity.