what kind of credit score do you need for a 230k refinance?

The loan amount is only part of the picture. It will depend on debt to income ratio and how much the house is worth as well. some programs will go as low as 580 others are 620. For best rates you will want to be over 660 typically for FHA and 720 conventional

If credit scores were the only thing the lender looks at when determining one's eligibility, then you would need to be at 580 or above.. Most lenders require 640+ with a handful going down to 620, 600 and even 580, but you need to understand that it takes much more than a credit score to get financing.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com