510 Credit Score Conventional Loan
Conventional needs 620, so a 510 is not there yet. FHA is your route now, and 620 is the long-term goal.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
A conventional loan requires a 620 credit score, so at 510 it is not an option today. That is the honest answer. The good news is you are not stuck: FHA can work now with 10% down, and the same habits that build toward FHA's 580 threshold keep carrying you toward conventional's 620. We map the whole climb.
Why 620 Is the Floor
Fannie Mae and Freddie Mac set 620 as the minimum for conventional financing, with no exceptions below it. A 510 is 110 points short, so conventional is a longer-term target rather than a near move.
Use the time well. FHA at 510 needs 10% down, but reaching 580 cuts that to 3.5%, and continuing to 620 finally opens conventional. The path is one staircase, and we will tell you which step to aim for first.
| Factor | Conventional at a 510 Score |
|---|---|
| Conventional Minimum | 620 (firm) |
| Your Gap | 110 points |
| Use Now | FHA with 10% down |
| Next Milestone | 580 for FHA 3.5% down |
510 Score Conventional Loan — FAQ
No. Conventional financing requires a 620 minimum, and a 510 is well below it. FHA can work now with 10% down, and building toward 580 and then 620 is the path to a conventional loan later.
Look at FHA, which has no 620 floor, and start a credit plan. Reaching 580 unlocks FHA's 3.5% down payment, and continuing to 620 finally opens conventional financing.
A Conventional Loan With a 510 Score?
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Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.