What are the credit score requirements?

There are many different loans programs offered and they each have a unique credit score requirement therefore, I am going to focus on three of our most popular loan products. The most popular loan products are VA, FHA, and Conventional loans.

A VA loan requires the Veteran to have a minimum credit score of 600 but in some case can go as low as 580.

An FHA loan requires a minimum credit score of 600 but in some cases can go as low as 550.

A Conventional loan (Fannie Mae/Freddie Mac) will go as low as a 620 credit score

A credit score is only part of the equation when analyzing a credit profile. We also look at the number of tradelines paid on time and how long they have been open. Bankruptcies and Foreclosures do not necessarily disqualify the applicant from purchasing a home however, there are required waiting periods that must be met. Even if the applicant has the required credit profile, we as a lender must upload the credit report and application to an automated underwriting system and get an approved/eligible finding prior to committing to extend a pre-approval/loan approval. If an automated underwriting approval is not granted, we also have an option of submitting the loan as a manual underwrite.

Getting started is easy. We offer very competitive rates, have great service, and always close on time.

Best Mortgage companies in Chula Vista


Andre Enriques
License # NMLS 220937
DRE # 01713544

Contact Us

Andre Enriques Mortgage Banker - VA Loan Expert, a dba of Anchor Funding Inc

Chula Vista Office
Phone: (619) 323-2066
Cell (619) 208-6499
891 Kuhn Drive, Suite #204
Chula Vista, CA 91914

San Diego Office
Phone: (619) 208-6499
6336 Greenwich Dr, Suite A
San Diego, CA 92122

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Equal Housing Lender

NOT ALL APPLICANTS QUALIFY. First Priority Home Loans is a DBA of Anchor Funding, Inc. is licensed by The
California Bureau of Real Estate #01276087. FHA Non-supervised lender #00257-0000-5
NMLS #1626581 & #236419
NMLS Consumer Access
Loans made or arranged pursuant to the California Department of Financial Protection and Innovation
California Finance Lenders Law license number 603 L293