580 Credit Score Refinance
A 580 supports FHA refinancing, including a full rate-term refi, while conventional and most cash-out wait for 620.
A 580 credit score opens up FHA refinancing more fully. Beyond the streamline option, a 580 can support an FHA rate-term refinance with a normal underwrite, since 580 is the FHA threshold. Conventional refinancing and most cash-out programs still wait for 620, but at 580 your FHA-side options are genuinely useful.
FHA Opens, Conventional Waits
At 580 an FHA rate-term refinance is on the table with standard underwriting, not just a streamline. That gives you a real way to reset your rate or term if your current loan is FHA.
Conventional rate-term and most cash-out refinances still require 620. If pulling equity is the goal, the 40-point climb to 620 is the next milestone; for a straightforward FHA rate improvement, 580 already works.
| Refinance Type | Available at a 580 Score? |
|---|---|
| FHA rate-term | Yes |
| FHA Streamline | Yes |
| Conventional rate-term | No (needs 620) |
| Most cash-out | No (needs 620) |
580 Credit Score Refinance — FAQ
Yes, on the FHA side. A 580 supports both an FHA Streamline and a full FHA rate-term refinance. Conventional refinancing and most cash-out programs still require 620.
Generally not. Most cash-out refinances require 620 or more. At 580 you can lower your rate or reset your term through an FHA refinance, but tapping equity usually waits until you reach 620.
Verify the details for your own situation against these government and agency sources: HUD FHA loan program and HUD Handbook 4000.1 (FHA rules).
A Refinance With a 580 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.