560 Credit Score Conventional Loan
Conventional starts at 620, and a 560 is 60 points away. FHA covers the gap while you close it.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
A 560 credit score is still under the 620 conventional minimum, but the gap is narrowing. Sixty points is a defined goal you can build toward. FHA is the working loan today, and as your score climbs into the 600s the conventional option moves from theoretical to realistic.
Closing the Gap
At 560 you are within striking distance of the 600s, where lenders start treating the file more favorably. Conventional still needs 620, but the climb from 560 is shorter than from the low 500s.
FHA bridges the wait at 560 with 10% down, or 3.5% once you reach 580. Keep balances low and payments clean, and the conventional door at 620 comes into view sooner than it feels right now.
| Factor | Conventional at a 560 Score |
|---|---|
| Conventional Minimum | 620 (firm) |
| Your Gap | 60 points |
| Use Now | FHA |
| Watch For | 580 (FHA 3.5%), then 620 |
560 Score Conventional Loan — FAQ
Closer than the low 500s, but not there. Conventional requires 620, so a 560 is 60 points short. FHA works now, and steady credit improvement brings the conventional option into reach.
FHA, which has no 620 floor. It needs 10% down at 560 and 3.5% once you reach 580. As you build toward 620, conventional becomes a real alternative to compare.
A Conventional Loan With a 560 Score?
Get matched to the right Florida loan for your score · Licensed FL mortgage broker NMLS# 1859012
Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.