Cool Home Equity Loan Credit Score 560 Ideas. The minimum credit score for a home equity loan generally is 620, but some providers set the threshold as high as 730. This example assumes a 4% interest rate on your mortgage and a.

If possible, you might want to try to. Conventional mortgage lenders will most likely decline your mortgage loan application with a credit score of 560, as the minimum credit score is around 620. Since banks require a good credit score for mortgage(s), your best option may be to take a home equity loan from an alternative lender.





