– Bad Credit Mortgage Refinance Options A bad credit mortgage refinance is one where the home buyer can get approved to refinance a home despite having bad credit or low credit scores. Bad credit lenders will approve your loan based upon other positive compensating factors. The lender is accepting a higher level of risk which means the interest rate may be slightly higher than that of a.
Fair Credit Home Loans What Is a Fair Credit Score? | Experian – A fair credit score is generally considered to be a FICO® Score of 580 to 669. The FICO Score was created by the Fair Isaac Corporation and is used by many lenders as they make lending decisions.