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See HSH's 2021 Outlook -- Forecasts for Mortgage Rates, Home Sales, Home Prices and More

See HSH's 2021 Outlook -- Forecasts for Mortgage Rates, Home Sales, Home Prices and More

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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