Mortgage Lender in Palos Verdes, CA
Serving the Palos Verdes Peninsula since 1995, Choice One Mortgage arranges jumbo and high-balance financing for homes across the Peninsula’s four cities.
- Free Loan Analysis
- No Obligation
- 30+ Years Experience
When people say “Palos Verdes,” they usually mean the whole Peninsula: the hills that rise between Torrance and San Pedro and drop to the Pacific on three sides. The Peninsula is made up of four cities, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills Estates, and Rolling Hills, with about 65,000 residents between them. All four share the Palos Verdes Peninsula Unified School District, which is one of the main reasons families move here.
Home prices reflect the setting. Single-family homes across the Peninsula typically sell from about $1.6 million to $5 million, with estates and oceanfront properties higher. Condos and townhomes, found mainly in Rancho Palos Verdes and Rolling Hills Estates, generally run from $800,000 to $1.5 million.
At Choice One Mortgage, Bill Lewis has been helping South Bay buyers and homeowners since 1995. As a mortgage broker with access to dozens of wholesale lenders, we compare programs and pricing for you, whether you are buying your first home, moving up, refinancing, or adding a rental property.
Call (310) 614-5920 for a free, no-obligation consultation tailored to your situation.
Talk to a Local Mortgage Expert
Free Loan Analysis • No Obligation • 30+ Years Experience
Prefer email? Send us a messageThe Palos Verdes Housing Market
The Peninsula has no freeways and little commercial development, which preserves open space, trails, and ocean views. Landmarks include Malaga Cove, Lunada Bay, the Point Vicente Lighthouse, and Terranea Resort. Each city has its own character, from the planned Mediterranean streets of Palos Verdes Estates to the horse properties of Rolling Hills.
Most single-family purchases here need a jumbo loan, although a larger down payment can sometimes bring the loan within the high-balance conforming limit for Los Angeles County, which generally means better pricing. We run both scenarios for every buyer. Current limits are on our county loan limits page.
Some parts of the southern Peninsula, particularly around Portuguese Bend, have ongoing land movement. In affected areas, insurance can be difficult to obtain and some lenders will not lend. If a home you like is in or near one of these areas, call us before you write an offer so you know where you stand.
The Four Cities of the Palos Verdes Peninsula
Palos Verdes Estates
The oldest of the four cities, known for Malaga Cove, Lunada Bay, Mediterranean architecture, and strict design standards. See our Palos Verdes Estates mortgage page.
Rancho Palos Verdes
The largest city on the Peninsula, covering most of the coastline, with ocean-view homes, condos, and townhomes at a range of prices. See our Rancho Palos Verdes mortgage page.
Rolling Hills Estates
Equestrian neighborhoods, the Peninsula shopping center, and a mix of single-family homes and townhomes on the north side of the hill. See our Rolling Hills Estates mortgage page.
Rolling Hills
A private, gated city of ranch estates on lots of an acre or more, with miles of horse trails. See our Rolling Hills mortgage page.
Home Loan Programs for Palos Verdes Buyers
As a mortgage broker, Choice One Mortgage is not limited to a single bank’s products. We search dozens of wholesale lenders to match Palos Verdes buyers with the right loan program for their situation.
Buying or Refinancing a Home
Conventional Loans
Flexible financing with as little as 3% down, mortgage insurance you can drop, and terms built around your goals.
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FHA Loans
Buy with as little as 3.5% down and flexible credit guidelines. A proven path to homeownership for first-time and repeat buyers.
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VA Loans
Zero down, no monthly mortgage insurance, and competitive rates. A benefit you earned through your service.
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Jumbo Loans
Financing for homes priced above the conforming loan limits, with the flexibility and personal service high-value purchases deserve.
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Bridge Loans
Use the equity in your current home to buy your next one now, without a contingent offer or moving twice.
Learn more →Self-Employed and Alternative Income
Self-Employed Mortgages
Business owners, freelancers, and 1099 earners deserve a mortgage that fits how they actually get paid.
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Bank Statement Loans
Qualify with your real cash flow, not the income left after write-offs. No tax returns required.
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Asset Depletion Loans
Turn your savings, investments, and retirement accounts into qualifying income, with no paycheck or tax returns required.
Learn more →Real Estate Investors
DSCR Loans
Qualify based on the property's rental income, not your personal income. Grow your portfolio without tax returns.
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Fix and Flip Loans
Fast, short-term financing for the purchase and the renovation, so you can win the deal and finish the project.
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Hard Money Loans
Asset-based financing for investors who need to close fast, based on the property's value instead of your paperwork.
Learn more →Home Equity and Retirement
Why Palos Verdes Buyers Choose a Mortgage Broker
- Jumbo and high-balance compared — We show you both so you can choose the structure with the best payment and the least cash required.
- Many jumbo lenders — Each jumbo lender has its own rules. We place your loan where your income, assets, and property fit best.
- Bank statement and asset-based loans — For business owners, retirees, and investors whose tax returns understate their means.
- Bridge loans — Buy your next Peninsula home before selling your current one.
- 30+ years of local experience — Bill Lewis has been originating mortgage loans since 1995 and works with you personally.
Frequently Asked Questions About Palos Verdes Mortgages
Do I need a jumbo loan to buy in Palos Verdes?
For most single-family homes, yes. Los Angeles County’s high-balance conforming limit covers some condos, townhomes, and purchases with a large down payment. Above that limit, a jumbo loan is required. See our county loan limits page for current figures.
How much do I need for a down payment on a jumbo loan?
Jumbo loans typically require 10% to 20% down, and more at higher loan amounts. On a $2,500,000 home, 20% down is $500,000. Lenders also look for cash reserves after closing.
Which Palos Verdes city is right for me?
It depends on what you want. Palos Verdes Estates has the classic coastal neighborhoods, Rancho Palos Verdes offers the widest range of prices and views, Rolling Hills Estates has equestrian areas and townhomes, and Rolling Hills is fully gated. All four share the same school district.
Does land movement affect getting a mortgage on the Peninsula?
Only in specific areas, mainly around Portuguese Bend. There, lenders and insurers may decline or require geology reports. Most of the Peninsula is unaffected. Call (310) 614-5920 with the address and we will tell you what to expect.
Can I buy a new home before selling my current one?
Yes. A bridge loan or a home equity line on your current home can supply the down payment, so you can make an offer without a sale contingency. We will compare the costs of each approach.
Serving Palos Verdes and the Greater South Bay
Choice One Mortgage has been serving homebuyers throughout the South Bay and greater Los Angeles since 1995. We work with buyers and homeowners in the Palos Verdes Peninsula and all surrounding communities.
Choice One Mortgage Company, Inc. | NMLS 233784 | CA DRE 01238593
Bill Lewis | NMLS 284797 | (310) 614-5920
Equal Housing Lender. Subject to credit and property approval. This is not a commitment to lend.