580 Credit Score Refinance
A 580 supports FHA refinancing, including a full rate-term refi, while conventional and most cash-out wait for 620.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
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 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.
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.