What Credit Score Is Needed for a Cash-Out Refinance?
Understanding Cash-Out Refinance Credit Requirements
A cash‑out refinance lets you replace your current home loan with a larger mortgage loan and take the difference as cash. Because this increases lender risk, credit score requirements are higher than for a standard refinance.
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Minimum Credit Score for Cash-Out Refinancing
Most lenders require a 620+ credit score for a conventional cash‑out refinance. Higher scores may qualify for better rates and higher loan‑to‑value limits.
FHA Cash-Out Refinance
FHA requires a minimum 580 credit score, but many lenders set overlays at 600–620 for cash‑out transactions.
VA Cash-Out Refinance
VA loans have no official minimum credit score, but most lenders require 580–620 depending on equity and income.
Why Credit Score Matters More for Cash-Out
You’re borrowing more than your current balance, so lenders review your credit history closely to ensure repayment stability.
Bottom Line
A 620+ score is the most common requirement for cash‑out refinance mortgage loans, though FHA and VA programs may allow lower scores.
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