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Answers (5)

- Andrew Adams, "203K Specialist"
- Contributions:9349
Geof,
How about answer the op's question rather than spamming them to call you. 90% of the Loan officers that post on the boards know as much about available loan programs as you do...you will not be letting out any trade secrets!

- Clay Branch, "Georgia Loans"
- Contributions:7835

- SuzyQ7000
- Contributions:2
Please delete this question.

- Sharon Lewis, "Sharon Lewis"
- Contributions:3916
The credit union has already said no. Have you considered 'gifting' some money to help them refi?
If you go up to the Professionals tab up top, you can pull down the name of lenders in your area. I would suggest you talk with several. . Don't put any personal information here on 'public' boards please. Best of luck to you.
If you go up to the Professionals tab up top, you can pull down the name of lenders in your area. I would suggest you talk with several. . Don't put any personal information here on 'public' boards please. Best of luck to you.

- Geofrey Merino, "GMerino"
- Contributions:444
Thank you, for the question.
I have a question for you. What type of loan does the current mortgage have?
There are options for your son as long as he qualifies.
I think that the best thing to do is to reach out to me if you would like to go over this scenario further, just click the profile.
Thank you,
Geofrey M Merino
Lending in all 50 states


Can I refinance with a 655 credit score?
Their home has decreased in value by $20,000 which is what their down payment and equity would be. He will be able to put 5% down toward his new mortgage.
The credit union has told him he can't get a mortgage because he can't get PMI.
What are his other options?
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