Refinancing isn’t just a matter of completing an application — you need to also be able to qualify for the new loan with the right credit score.

Key takeaways

  • Your credit score helps determine the interest rate on your refinanced mortgage.
  • The credit score requirements for refinancing are similar to the requirements for obtaining a home purchase loan.
  • You might be able to refinance even with a lower credit score.

What credit score is needed to refinance a house?

Loan type Minimum score
Conventional refinance 620
Jumbo refinance 720 or higher
FHA refinance 580
VA refinance No credit minimum from VA, but 620 is common
USDA refinance No credit minimum from USDA, but 640 is common
Cash-out refinance 620

The credit score you need to refinance depends on the mortgage lender you work with, your individual situation and often the type of refinance you choose (for example, cash-out versus rate-and-term). In general, it’s possible to do a conventional mortgage refinance with a credit score of 620, and FHA refinances are typically doable for those with credit scores in the mid-500s.

However, “credit score minimums vary widely with the general credit conditions in the residential mortgage market,” says Matt Hackett, mortgage operations manager at Equity Now, a direct lender based in New York.

The type of refinance you do, as well as your debt-to-income (DTI) ratio, can also influence how high of a credit score you need.

“Typically, if you have between a 620 and a 639 credit score, you’re going to need a DTI below 45 percent,” says Ben Allred, a loan originator with Waterstone Mortgage in Gilbert, Arizona. “However, if you don’t have a good FICO score, you might be able to get approved through a non-traditional credit program.”

Even with a lower DTI ratio, you might end up needing to improve your credit score if you want to do a special type of refinance, such as a cash-out refi.

Ultimately, it can be difficult to pinpoint exactly what credit score you need unless you apply and the lender can review your situation, says Hackett.

Credit score for conventional refinance

Conventional refinancing is one of the most common types. You’ll need at least a 620 credit score to refinance your conventional loan (or into a conventional loan), though at that score, you’ll need a debt-to-income (DTI) ratio of 36 percent or less. If you have a higher credit score, you might be able to refinance with a higher DTI ratio.

Credit score for jumbo refinance

Jumbo loans are a type of non-conforming loan, so they don’t have to adhere to many requirements, including the conforming credit score minimum of 620. Because you’re taking out much more money with a jumbo loan, however, you’ll still need a good credit score, often 720 or even higher.

Credit score for FHA refinance

You can refinance an FHA loan with the same minimum credit score you needed to get one: 580. However, if you qualify for an FHA streamline refinance, you’ll be able to bypass this requirement entirely.

Credit score for VA refinance

The Department of Veterans Affairs (VA) doesn’t set a minimum credit score requirement for the mortgages it backs, including refinances. However, not every lender is willing to do a VA loan refinance without accounting for credit score.

Credit score for USDA refinance

Like the VA loan program, USDA loans don’t have a set minimum credit score requirement.

Credit score for cash-out refinance

The lowest credit score you can have for a cash-out refinance is 640. With a higher score, you might be able to cash out more, depending on your existing equity level.

How to improve your credit score for refinance

Improving your credit score before refinancing can go a long way toward making your application stronger. One of the best ways to quickly boost your score is by addressing your credit utilization ratio. Focus on paying down debt so that you’re using less than 30 percent of your available credit, say Allred and Hackett.

In addition, start — or continue — paying your bills on time. As you prepare for refinancing, Hackett recommends a quiet period with no credit inquiries in the 90 days to 120 days before applying, and having a few lenders lined up so the inquiries they generate all happen within a short time frame, reducing the hit to your score.

In general, stay on top of your credit score. You can review each of your three scores at By keeping tabs on your score, you’ll be able to take care of any inaccurate information well before you need to apply for any loan, including a refinance.

Bottom line

Just as when you first applied for your mortgage, there are minimum credit requirements to refinance it. If your credit needs work, refinancing your mortgage can be more challenging, but not impossible.