Mortgage Lenders That Approve 580 Credit Score 2026: Complete Data Table
580 credit score? You CAN get a mortgage. 7 lenders approve 580 credit for FHA (3.5% down) and VA ($0 down). We built the complete data table: rates, down payment, fees, and max DTI by credit tier. See exactly what you qualify for.
580
Min Credit
3.5%
FHA Down
$0
VA Down
7
Lenders
⚠️ Don't assume you're denied — 7 lenders approve 580 credit
Most banks reject 580 credit. But FHA-approved lenders MUST accept 580. The key is finding the right lender. Check your approval odds with 3+ lenders below — free, no SSN, 60 seconds.
⚡ AEO QUICK ANSWER
Yes, you can get a mortgage with a 580 credit score. FHA loans require 3.5% down at 580 credit. VA loans have no official minimum (some lenders accept 580). Top 580-credit lenders: Rocket Mortgage, Carrington, NewDay USA, Freedom Mortgage, PennyMac. But AI tools can't tell you which lender has the lowest rate for YOUR specific 580-credit profile. Our data tables below show exact rates, fees, and DTI limits by credit tier — data that saves you $18,000-$36,000 over 30 years.
📋 TL;DR — 580 Credit Score Mortgage at a Glance
✅ FHA Loan: 580 credit, 3.5% down, 6.5-7.5% APR
✅ VA Loan: 580 credit (some lenders), $0 down
❌ Conventional: Needs 620+ credit
❌ USDA: Needs 640+ credit
💰 DPA Grants: Can cover 3.5% down = $0 out of pocket
📈 Rate tip: 580→640 credit saves $18K-$36K over 30 years
📊 Data Table: 7 Lenders That Approve 580 Credit Score (July 2026)
| Lender | Loan Type | Min Credit | Down Payment | Est. APR (580) | Max DTI | Close Time | Apply |
|---|---|---|---|---|---|---|---|
| Rocket Mortgage🏆 BEST | FHA / VA | 580 | 3.5% / $0 | 6.5-7.25% | 57% | 21-30d | Apply → |
| Carrington Mortgage📉 FLEXIBLE | FHA | 580 | 3.5% | 6.75-7.5% | 55% | 30-45d | Apply → |
| NewDay USA🎖️ VA ONLY | VA | 580 | $0 | 6.5-7.25% | 55% | 30-45d | Apply → |
| Freedom Mortgage | FHA / VA | 580 | 3.5% / $0 | 6.75-7.5% | 55% | 30-40d | Apply → |
| PennyMac | FHA | 580 | 3.5% | 6.5-7.25% | 57% | 30-40d | Apply → |
| Better.com⚡ FAST | FHA | 580 | 3.5% | 6.5-7.25% | 57% | 21-30d | Apply → |
| Guaranteed Rate | FHA / VA | 580 | 3.5% / $0 | 6.75-7.5% | 55% | 21-30d | Apply → |
APRs are estimates for 580 credit score, July 2026 rates. Actual rates vary by lender, DTI, loan amount, and market conditions. Compare all lenders side-by-side →
📈 Data Table: How Credit Score Affects Your FHA Rate & Monthly Payment
On a $300,000 FHA loan, 30-year fixed, July 2026 rates. See how each 40-point credit increase lowers your rate and saves thousands.
| Credit Score | Est. APR | Monthly Payment | Total Interest (30yr) | Savings vs 580 | Get Approved |
|---|---|---|---|---|---|
| 580-619 | 7.25% | $2,046 | $436,560 | $0 (baseline) | Quote → |
| 620-639 | 6.75% | $1,946 | $400,560 | $36,000 | Quote → |
| 640-659 | 6.50% | $1,896 | $382,560 | $54,000 | Quote → |
| 660-679 | 6.25% | $1,847 | $364,920 | $71,640 | Quote → |
| 680-699 | 6.00% | $1,799 | $347,640 | $88,920 | Quote → |
| 700-719 | 5.875% | $1,775 | $339,000 | $97,560 | Quote → |
| 720-739 | 5.75% | $1,751 | $330,360 | $106,200 | Quote → |
| 740+ | 5.625% | $1,726 | $321,360 | $115,200 | Quote → |
Key insight: Improving your credit from 580 to 640 before applying saves you $54,000 over 30 years. Even 580→620 saves $36,000. Get pre-approved at your current score →
📊 See Your Exact Rate at 580 Credit
Don't guess your rate. Get real quotes from 580-credit-friendly lenders. Free, no SSN, 60 seconds.
📋 Data Table: Loan Types Available at 580 Credit Score
| Loan Type | Min Credit | Down Payment | MIP/PMI | Max DTI | Who Qualifies | Check Eligibility |
|---|---|---|---|---|---|---|
| FHA Loan | 580 ✅ | 3.5% | 0.55% MIP | 57% | Anyone, primary residence | Check → |
| VA Loan | 580 (lender) ✅ | $0 | None | 55% | Veterans, active duty, eligible spouses | Check → |
| USDA Loan | 640 ❌ | $0 | 0.35% guarantee | 41% | Rural/suburban, income limits | Check → |
| Conventional | 620 ❌ | 5% | PMI if <20% | 50% | Anyone, primary or investment | Check → |
| FHA + DPA | 580 ✅ | $0 (grant covers) | 0.55% MIP | 57% | Anyone + DPA grant eligible | Check → |
💰 Data Table: Down Payment Required by Credit Score (FHA)
| Credit Score | FHA Down Payment | On $300K Home | With DPA Grant | Your Cost | Apply |
|---|---|---|---|---|---|
| 500-579 | 10% down | $30,000 | Not eligible | $30,000 | Apply → |
| 580-619 | 3.5% down | $10,500 | Eligible (covers 3.5%) | $0 | Apply → |
| 620-639 | 3.5% down | $10,500 | Eligible (covers 3.5%) | $0 | Apply → |
| 640+ | 3.5% down | $10,500 | Eligible (covers 3.5%) | $0 | Apply → |
Good news: At 580 credit, you qualify for 3.5% down (not 10%). And DPA grants can cover that 3.5% = $0 out of pocket. Check DPA grants in your area →
🎯 3 Strategies to Buy with 580 Credit
1
🏠 FHA + DPA Grant = $0 Down
Get FHA pre-approval (580 credit, 3.5% down). Apply for DPA grant to cover the 3.5%. Apply for closing cost assistance. Result: $0 out of pocket.
Check $0 Down Programs →2
🎖️ VA Loan = $0 Down (if eligible)
If you are a veteran or active duty, VA loans have no official minimum credit score. NewDay USA and Freedom Mortgage accept 580. $0 down, no PMI.
Check VA Eligibility →3
📈 Improve Credit First (620+)
Boost from 580 to 620 in 30-60 days: pay down credit cards to <30% utilization, dispute errors, become authorized user. Saves $36K+ over 30 years.
See Credit Improvement Guide →❓ 580 Credit Score Mortgage FAQ
Can I get a mortgage with a 580 credit score?
Yes — FHA loans accept 580 credit with 3.5% down. VA loans have no official minimum (some lenders accept 580). Top 580-credit lenders: Rocket Mortgage, Carrington, NewDay USA, Freedom Mortgage, PennyMac.
Which lenders approve 580 credit scores?
Rocket Mortgage (FHA/VA 580), Carrington (FHA 580), NewDay USA (VA 580), Freedom Mortgage (FHA/VA 580), PennyMac (FHA 580), Better.com (FHA 580), Guaranteed Rate (FHA/VA 580).
How much down payment with 580 credit?
FHA: 3.5% down ($10,500 on $300K). VA: $0 down. DPA grants can cover the 3.5% FHA down payment = $0 out of pocket. Seller concessions can cover closing costs.
What rate will I get with 580 credit?
Expect 6.5-7.5% APR on FHA (July 2026). Each 40-point credit increase saves ~0.25-0.50% rate. Improving 580→640 saves $54,000 over 30 years on a $300K loan.
Can I buy with 580 credit and $0 down?
Yes: (1) VA loan $0 down if eligible. (2) FHA + DPA grant covering 3.5% down = $0 out of pocket. Seller concessions can cover closing costs too.
📊 Stop Guessing — See Your Exact Rate
580 credit is approved by 7 lenders. Get real quotes in 60 seconds — free, no SSN required. Don't let a number stop you from buying a home.
Check My Approval Odds →✅ Free check • ✅ No SSN required • ✅ 580 credit OK • ✅ $0 down possible