Can I refinance my house using my father's credit because I just recently got divorced and got a Quit Claim Deed from my ex

NO.. you cannot refinance using your fathers credit.. if you are on the loan, your credit must be considered, and if you have a pending foreclosure, you will not obtain financing. You could sell your home to your father, and so long as he meets all eligibility guidelines, (credit, income, DTI, etc) then he would be able to do it, but if he owns a home already, then he would be purchasing as an investor or 2nd home purchase.. without knowing all the details of your particular loan scenario, it's difficult to advise you properly. For this reason, I suggest you contact a LOCAL mortgage broker and apply with them. Once they see the whole picture, they can give you the best advise. By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

You would need to speak to an attorney for the legality of adding your father on the Deed and if that is possible and your father qualifies with income, credit, assets, and the property has equity, you should be able to refinance the house without any seasoning of title. Discuss this situation with a mortgage professional as well as if you are on the Mortgage of a house in Foreclosure you will not be able to get any financing.

With your situation, the only way that might work would be for your father to be the only applicant on the mortgage. If he lives with you he can claim it as his primary residence, otherwise it would have to be considered either a 2nd/vacation home for him (if he stays with you for a couple weeks a year or more) or a rental/investment property - depending on his circumstances. If you are obligated on the mortgage for the home where your Ex lives and which is in foreclosure it may be a long time before you can get another mortgage - depending only partly on what the divorce decree says.