What credit score do I need to buy in Los Angeles?

There are no credit score requirements for buying a home in Los Angeles. Decisions about your creditworthiness are made by mortgage lenders, and those decisions are based on many factors, not just one number. Your credit score is only one part of the picture. They look at your whole financial history. Plus, they consider the total amount you want to borrow for the home. The median listing price for a home in the Los Angeles area is $1,100,000. That price has barely changed month-over-month, only going up 0.1%. But compared to a year ago, prices are down 8.0%. This means homes are a bit more affordable than they were a year ago. There are 18,523 homes for sale right now, which is a small increase of 2.0% from last year. However, fewer new homes are coming on the market, down 4.2% from last year. Homes are also staying on the market a little longer, with the median days on market now at 47 days, up 4.4% from last year. Even with these shifts, lenders also consider your employment, income, and overall debt when you apply for a mortgage. All these pieces help them decide if you can afford the monthly payments. The average listing price is even higher, at $2,311,055, and this is down 4.8% from last year. The most important thing you can do is to talk to a few different mortgage lenders. They can look at your specific financial situation and tell you what kind of loan you might qualify for, and at what interest rate.