Davison, Mi - Need Cash Out refinance lender

[Stephen Miller]

Hi Biggerpockets community

I'm looking for a lender to do a 30y Cash Out refinance for a property I purchased in cash and rehabbed. The house is rented and I purchased and rehabbed with a personal loan and credit cards. It ended up hitting my credit pretty hard and have a 575 at this point down from 760. I have a willing cosigner. I haven't had much luck finding even lenders who do investment property. I've owned for 7 months. Anyone have someone I can call?

[Benjamin Piecenski]

Hey Stephen, are you looking to be on the loan as well with a cosigner?  Typically, the lower credit score of the two applicants is used to qualify, so a cosigner unfortunately does not override your credit. How maxed out are your credit cards?  I would venture to guess the main reason your credit score has fell so much is due to credit cards having a balance over 50% of the credit limit - it can be a huge killer to your credit score.