Home › Calculators › Mortgage Calculator: 620 Credit Score
Mortgage Calculator: 620 Credit Score
A 620 credit score opens up conventional loans at competitive rates. See the estimated payment at a typical 620 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 620 credit score?
A 620 is the common minimum for conventional loans and comfortably qualifies for FHA. You have options, though your rate will be higher than a top-tier borrower's — so it's worth seeing what a score bump would save before you lock.
What a higher score is worth
Credit is usually the highest-impact lever on your payment. Moving from a 620 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 740 for the best pricing), 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 620 credit score?
Yes. A 620 qualifies for conventional loans and FHA. Rates improve as you climb toward 740+, so even a modest bump can lower your payment.
What rate will I get with a 620 score?
Rates are lender- and day-specific, but a 620 typically prices around 7.9% 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.