I have a 537 credit score can i barrow money against my house

Your credit score is very low. That score is problematic for just about every home loan program out there. I would suggest working on improving that score, then trying again once the score is over 620.

Normally, with such a credit score I would say the only avenue you would have is a hard money loan which allows you to borrow up to 60% loan to value, though in some cases as high as 65%. Rates and costs are quite high compared to a Fannie mae or Freddie mac standard conventional or government loan. As Joe Metzler commented, you are best off working on increasing your credit scores. Having worked with so many borrowers with credit issues I can say that it need not take all that long to increase your score from 537 to 580, which is about the minimum score we can work with for a government insured loan. However, you can qualify for a conventional loan with as little as a 620 mid fico score.

There are some lenders that will go down to a 550 score. We can go down to a 580 score. If you contact me I will work with you to get your score up. I work with many clients that come to me with a low score and my team will work with you until you are in a position to buy. Contact me with any questions!

Most lenders require a minimum score of 620 to refinance.