560 Credit Score Refinance
A 560 uses streamline refinancing now; 60 points to 620 reopens conventional and cash-out.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
A 560 credit score sits below the 620 needed for a standard or cash-out refinance. A streamline remains the practical path for existing FHA or VA borrowers, lowering the rate without a credit re-check. With 60 points to 620, the full refinance menu, including cash-out, is a defined goal rather than a distant one.
Closer to the Full Menu
At 560 a streamline can still reduce your payment today if your loan is FHA or VA, relying on recent mortgage payments rather than the score.
Sixty points to 620 is a manageable climb. Reaching it reopens conventional rate-term and cash-out refinancing, so if tapping equity is the plan, that is the milestone to focus on while the streamline covers any near-term rate need.
| Refinance Type | Available at a 560 Score? |
|---|---|
| Conventional rate-term | No (needs 620) |
| Cash-out | No |
| FHA Streamline | Often yes |
| Distance to Full Options | 60 points (to 620) |
560 Score Refinance — FAQ
It can be, through a streamline, if you have an FHA or VA loan and rates have dropped since you closed. For conventional or cash-out refinancing you would need to reach 620 first.
About 60 points. Reaching 620 reopens conventional rate-term and cash-out refinancing. A streamline can handle a rate-only goal in the meantime.
A Refinance With a 560 Score?
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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.