600 Credit Score Refinance
A 600 makes FHA refinancing comfortable, and conventional rate-term and cash-out are only 20 points away.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
A 600 credit score gives you solid FHA refinancing options, including rate-term and streamline. Conventional refinancing and cash-out still need 620, but at 600 you are only 20 points away, often a single cycle of credit work. This is the score where the full refinance menu moves from "not yet" to "almost."
Almost the Full Menu
At 600 an FHA rate-term or streamline refinance works comfortably, so a lower rate on an existing FHA loan is well within reach right now.
The conventional side, including cash-out, opens at 620. With only 20 points to go, it is worth checking whether you are one balance paydown away before committing to an FHA-only refinance, especially if you want to tap equity.
| Refinance Type | Available at a 600 Score? |
|---|---|
| FHA rate-term | Yes |
| FHA Streamline | Yes |
| Conventional rate-term | No — 20 points away |
| Cash-out | No — opens at 620 |
600 Score Refinance — FAQ
Yes, on the FHA side, including rate-term and streamline. Conventional and cash-out refinancing need 620, which at 600 is only 20 points away and often within quick reach.
If you want cash out or a conventional refinance, it is worth checking whether 620 is a single cycle away. For an FHA rate improvement, you can move now without waiting.
A Refinance With a 600 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.