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The spring homebuying season is kicking in! See how much income you'll need to afford a median-priced home in any of the 50 largest metro areas.

The spring homebuying season is kicking in! See how much income you'll need to afford a median-priced home in any of the 50 largest metro areas.

Can I refinance my home if my credit is bad?

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A: That depends on how bad your credit is and other factors. The FHA will allow you to refinance with a credit score as low as 580, and an equity position as small as 3.5 percent of the value of the home. So is it possible? Yes. Will it be difficult if your credit is poor? Yes.

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Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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