VA Refinancing with Bad Credit

BD Nationwide can connect you with preferred mortgage lenders offering bad credit VA refinance loans to military borrowers with low fico scores. Homeowners that have a military background are given more leeway by VA underwriters when considering qualifying for bad credit refinancing. There is still no minimum credit score requirement with VA refinancing, so veterans can truly find a second chance to reestablish their credit and save money with a lower interest rate. Our loan officers have significant experience helping people with credit problems qualify for a bad credit VA refinancing. We provide discounted VA mortgages rates to borrowers who meet the VA loan requirements.

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VA Refinancing
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With many individuals and businesses in financial turmoil due to the lingering recession, finances have become harder to manage. For some people, this means making difficult choices to keep up with family obligations. For others, they have seen mortgage payments increase due to rising interest rates. These factors may have negatively affected an individual's credit score. The rising rates may cause someone to consider seeking different mortgage alternatives. VA Refinancing with Bad Credit can be difficult to obtain but it is possible. Working with a qualified mortgage lender will help you discover resources that can make this wish a reality.

You may qualify for a "low rate refinance" that is guaranteed by the Department of Veterans Affairs. Refinancing with bad credit has never been easier under the VA program than in 2012. At BD Nationwide, our team goes the extra mile when processing VA refinance loans because we back our troops and their families 100%.

Bad Credit Refinance Loans with VA Lending - Escape the Mounting Debt of Bills

The U.S. Department of Veteran Affairs has long been involved in helping active and former military members obtain funding for home purchases. For some of these loans, previously good interest rates may have ballooned into higher premiums. Because of these higher payments, home owners either have to cut their household budgets to pay their bills or find an option to refinance the loan. For individuals that may have some late payments, bad credit refinancing with VA help can result in better management of household funds. Programs exist to find a better mortgage package that will result in more affordable monthly payments.

Streamlining mortgage payments is the best way to escape the escalating rates associated with older loans. The bad credit "VA refinance" program will help homeowners obtain new mortgages without requiring additional expense. By taking these initiatives to combat the rising costs associated with home ownership, active and retired military members can begin the process of repairing their credit problems. Lower monthly premiums will help eliminate the threat of foreclosure and allow more funds to be available to pay off other outstanding obligations. Taking a few minutes to discuss the available options at your disposal can result in better financial health for the entire family.

VA loans are great for Veterans who need to refinance their mortgage but have bad credit. Not only does having prior military experience entitle you to these benefits, but it is meant as a sign of gratitude for your sacrifice to the country. Regardless of what your current credit rating is, there are options that can help escape the mounting financial obligations that your household faces. With the help of a fully qualified mortgage lender, the available VA loan rates can free up additional funds to more effectively management household finances. With a better sense of security in meeting these monthly obligations, the retired members of our armed forces can continue to work toward a better tomorrow.

 

Tools for Refinancing

Resource Calculator
ARM vs. Fixed Rate Calculator
How does a VA refinance loan with a fixed rate measure up to a 5/1 ARM?

Popular Pages to Visit

VA Loans with Bad Credit – 100% financing regardless of your score with Trans Union, Equifax or Experian.

Refinance with Low Credit Scores

Second Chance Mortgage enables a fresh start for borrowers that have been rejected by lenders for one reason or another.

Fair Credit Mortgage
is a good financing fit for borrowers that may have isolated incidents in their past that may be bringing their fico scores down.

HARP Refinance
is recommended to homeowners that have negative equity and a mortgage owned by Freddie Mac or Fannie Mae.

100% Mortgage
Vet’s love the no equity requirements with all VA refinance programs.

Rate Disclosure for VA Refinancing - The 3.25% rate (3.39% APR) is an example of fixed rate 30-year on a loan amount of $210,000. The monthly example is $913.93 for the principal and interest payment. Taxes and insurance are not included. The Annual Percentage Rate is 3.39% with $895 in closing costs due at closing. Applicant must meet VA eligibility to qualify. The borrower must meet credit and income requirements as outlined by VA underwriter.


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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. 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 was affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2013, Nationwide Mortgage Loans, BDnationwidemortgage.com. All rights reserved. Do not duplicate in any form. Mortgage refinance rates are subject to change. Check with loan officer for updated interest rates for bad credit VA refinancing. BDNationwideMortgage.com does not have any affiliation with the VA or any other government entity.