Requirements by loan type, how score affects your rate, and the fastest ways to boost your score
Your credit score is one of the most important factors in getting a mortgage — it determines what loan programs you qualify for, what interest rate you get, and how much home you can afford. Here's exactly what you need to know for the San Diego market.
| Loan Type | Minimum Score | Best Rate Score | Down Payment |
|---|---|---|---|
| VA Loan | No official minimum (most lenders: 580) | 680+ | 0% |
| FHA Loan | 500 (10% down) / 580 (3.5% down) | 680+ | 3.5% |
| Conventional | 620 | 740+ | 3–20% |
| Jumbo | 680–700 | 740+ | 10–20% |
The difference between a 620 and a 740 credit score on a $650,000 loan can mean $200–$400 more per month. Here's a rough example at 2025 rates:
Your credit utilization (balance ÷ limit) should be under 30% — ideally under 10%. If you have a card at 80% utilization, paying it down can add 20–50 points within 30 days.
Closing credit cards reduces your available credit and hurts utilization. Keep old accounts open even if you don't use them.
Check your report at AnnualCreditReport.com. Errors are common — a disputed collection or incorrect late payment could be dragging your score by 50–100 points.
Every new credit application creates a hard inquiry. Avoid opening new cards, car loans, or any new credit for 6–12 months before applying for a mortgage.
Payment history is 35% of your score. Even one missed payment can drop your score by 60–90 points. Set up autopay for minimums on every account.
We'll pull your credit as part of a free pre-approval and tell you exactly where you stand — and what it would take to get you into the best loan program possible.
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