Do I have to have good credit to get a HARP refinance?

Some lenders will go as low as 620 credit score, however, you file must be approved through the automated underwriting system.. so if you can get an approved / eligible response, then with a 620 or higher, you might have a way to go.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...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. 480-287-5714 WilliamAcres.com

649 or higher

We will close the loan at a 640 FICO or higher, HOMEMORTGAGEXPERT.COM PETER SAVINO

Certain investors will allow you to keep your current mortgage insurance and just transfer it to the new loan. In this case you can go down to 620 which is the minimum for most conventional loans. If you require new mortgage insurance the minimum is 660 as this is the lowest score eligible for mortgage insurance. I do mortgages in Texas and would be glad to help, feel free to call me anytime at 972-292-7598 or go to www.dfwfinanceguy.com

Minimum FICO, 620 to 640.

as low as 620.

620 Mid score

William gave a pretty complete answer. The bottom line is that no lender wants to make a loan that might be a problem later on.

It is up to your current lender. Where are you located? We offer them:Jim Mazzola732-501-4249jmazzola@sunnb.com

Refinancing one of our loans (we are the 9th largest servicer of mortgages in the US) does NOT require a minimum Credit Score as long as the P&I (principal and interest increase is Less Than/Equal to 20% from the current P&I payment - which would be the case in most of the HARP refinances we do. (If you have a PNC Mortgage, or were a National City mortgage client(we bought them in 2008) or RBC (Royal Bank of Canada; we bought them in 2011) mortgage client - we can probably assist you). We only do HARP loans for our existing clients.