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Mortgage Calculator: 580 Credit Score
A 580 credit score can still get you a mortgage — often FHA — but at a higher rate. See the estimated payment at a typical 580 rate, and exactly what a stronger score would save.
Rates by credit band are illustrative (mid-2026) and vary by lender, loan type, and the day. Improving your score before applying is often the single biggest lever on your payment.
Estimates for educational purposes only — not a pre-qualification, pre-approval, loan offer, or quoted rate. Actual figures depend on a lender's review of your full application. Rates and local costs are illustrative and change over time.
Can you buy with a 580 credit score?
A 580 score is the FHA floor for a 3.5%-down loan, so buying is often possible — but you'll usually pay a higher rate plus FHA mortgage insurance. Many buyers in this range do the math on waiting a few months to raise their score versus buying now.
What a higher score is worth
Credit is usually the highest-impact lever on your payment. Moving from a 580 to a 720+ tier can shave a meaningful amount off your rate — and because that difference rides on the whole loan, it often adds up to tens of thousands over 30 years. The comparison in the calculator shows the gap on your loan size.
If you're close to a cutoff (like 620 for conventional), a few months of on-time payments and lowering card balances below 30% utilization can be worth more than any calculator input.
A calculator shows the payment. It won't tell you if you're actually ready. Find out when you can realistically buy — a free 2-minute check scores your credit, income, savings, debt, and documents, then shows the one thing to fix first. No signup to start, no credit check.
Find out when you can buy →Frequently asked questions
Can I get a mortgage with a 580 credit score?
Often yes, through FHA, which allows scores as low as 580 with 3.5% down (or 500–579 with 10% down). You'll typically pay a higher rate and mortgage insurance, so improving the score first can save a lot.
What rate will I get with a 580 score?
Rates are lender- and day-specific, but a 580 typically prices around 8.8% on a 30-year loan in this market — higher than a 720+ borrower. The tool lets you set your own rate.
Is this a rate quote?
No. The rates shown are illustrative estimates for education, not offers or quotes. A lender sets your actual rate after reviewing your application.