What Are the Requirements for Getting a Loan With Los Angeles Mortgage Lender?gkfoury2376December 11, 2024How Santa Monica Mortgage Lender Works A What Are the Requirements for Getting a Loan With Los Angeles Mortgage Lender? While the approval process is tailored to each applicant, here are some general requirements: Your monthly expenses should ideally be no more than 45% of your monthly income. You’ll need to provide proof of a stable two-year work history and traceable assets. Most loans require a credit score of 620 or higher, though some programs accept scores as low as 580. An independent appraisal is typically required to finalize the loan. Related Permalink Related