I own home and have bad credit can i refi under new laws ?

There are no "laws" that demand that lenders must accept bad credit on mortgage refinances. What is your credit score? You may get more responses based on that info.

There are no new laws that enable poor / bad credit borrowers to get guaranteed financing.. in reality, there isn't any laws that force a lender to lend to folks with bad credit.. in fact in the last 3 years, lending guidelines have become more and more stringent.. your better off working on fixing your bad credit than waiting for a program that in all probability, will never develop... .. 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. 480-287-5714 WilliamAcres.com

New FHA rules in effect April 1 do not ease the qualifications. Contact a lender on this forum.

Depends how bad your credit is and how much equity you have.

The April 1st changes do not lessen any qualification requirements.

Even if you have bad credit now is the time to act. The HARP2 program allows borrowers with less than stellar credit to refinance at Loan to Values above 100%. There is also the FHA Streamline and USDA RD Pilot Program, depending on what type of loan you have currently. Even if you do not qualify today, you may be very close. It is best to call a lender like me that will work with you.

new laws / guidelines did not change with FHA's increase on 4/1.....it all depends on what type of loan you currently have, if FNMA or FREDDIE MAC held and taken prior to 5/2009 you can do HARP which will allow lower credit rating.

Depends on your credit score and why you have the bad credit. You really need to contact a Lender411 loan officer and discuss your situation.

new laws did not change anything but the cost of a loan, what is your bad credit ??

Best you can do is try to Modify your loan or see if you are eligible for a Harp or Hamp loan. Contact your lenders

Much of what has been said already is accurate. The "programs" out there are designed to assist those that are in a negative equity situation. Throw me an email describing your situation and I will reply. I do refi's down to a 580 score. Larry@LechelMortgage.com

Need more info, there are a bit tougher guidelines but no new laws. what are your scores? your income? loan to value? your debt, with the credit repair agencies the minimum credit score is usually attainable.

You may qualify but I would need more information from you. Jack 734-395-9027 for a free pre-qual.