Is their a loan company out their that will do below 500 credit score?

I make great income,about 180,000 a year but was hospitalized and got behind mortgage, it effected credit score tremendously. I owe about 430,000 and have 488,000 to 500,000 in eqiuty.I would like to refi and take cash out.

Is their a loan company out their that will do below 500 credit score?

You can, but it will cost you more than its worth, you will get an outrageous apr on you second mortgage b/c of you beacon score. Get the payments caught up, hold off on big expenses and once you get to apoint where you can make payments early do it. After six months to one year your score should be back in a lower apr range, where you have more flexibilty and hopefully more equity accrued to play with. Just like getting the job that pays that good, it takes time and hard work, Good luck.

Is their a loan company out their that will do below 500 credit score?

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Is their a loan company out their that will do below 500 credit score?

Sell the house and move into something smaller. On $180k, you really don't need a million dollar home (ok, not quite a million, but close enough). With that much equity, you can sell your home and buy one with the proceeds - no loan needed.

Unless, of course, you're in CA. I'd still sell the house and look for something smaller. With $500K down, you should have no trouble getting a mortgage.

BTW - have you contacted your mortgage company yet? They may be willing to defer your late payments til the end of the loan. You'll still have to pay the accrued interest, but this should look better on your credit report.

Is their a loan company out their that will do below 500 credit score?

Delta Funding does sub 500 scores!