510 Credit Score Refinance
At 510 a standard refinance is out, but a streamline on an existing FHA or VA loan may still lower your rate.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
A 510 credit score does not meet the 620 floor for a standard or cash-out refinance. If your current loan is FHA or VA, though, a streamline refinance can sidestep that entirely. These programs are built to reduce your payment without re-checking credit, so a 510 with a clean recent mortgage history may still qualify to lower a rate.
The Streamline Exception
Standard refinancing re-underwrites everything, including the score, so a 510 stalls at the 620 requirement. There is no workaround on that path until credit improves.
FHA Streamline and VA IRRRL exist precisely to help existing borrowers lower payments with minimal hassle. They typically require on-time recent mortgage payments rather than a score, which is what makes them viable at 510.
| Refinance Type | Available at a 510 Score? |
|---|---|
| Conventional rate-term | No (needs 620) |
| Cash-out | No |
| FHA Streamline | Often yes — no score check |
| VA IRRRL | Often yes with a VA loan |
510 Score Refinance — FAQ
Through a streamline, often yes. A standard refinance needs 620, but FHA Streamline and VA IRRRL usually skip the credit check, so a 510 with a clean recent mortgage history may still lower its rate.
For a standard or cash-out refinance, yes. For a streamline on an existing FHA or VA loan, generally no — those programs focus on recent payment history rather than your score.
A Refinance 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.