Mortgage Lender in Lomita, CA
Serving Lomita homebuyers since 1995, Choice One Mortgage helps first-time buyers, families, and downsizers finance homes in this small, friendly city at the foot of the Palos Verdes Peninsula.
- Free Loan Analysis
- No Obligation
- 30+ Years Experience
Lomita is a city of about 20,000 people covering less than two square miles, tucked between Torrance, Harbor City, and the hills of Rolling Hills Estates and Rancho Palos Verdes. It has a quiet, small-town character, a walkable stretch of shops along Narbonne Avenue, and a railroad museum that locals are proud of.
Buyers come to Lomita for value. Single-family homes typically sell from about $850,000 to $1.3 million, noticeably less than similar homes in Torrance or on the Peninsula next door. Condos and townhomes generally run from $550,000 to $850,000.
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 Lomita Housing Market
Most of Lomita was built from the 1940s through the 1960s with single-story homes, and newer townhome developments have been added along the main streets. The southern part of the city rises toward the Peninsula, and some homes there have views. Pacific Coast Highway runs along the south side, and the beach at Torrance is about ten minutes away.
Nearly all Lomita purchases fit comfortably within conforming loan amounts for Los Angeles County, which means the widest choice of lenders and the most competitive pricing. FHA and VA loans are also well suited to this price range. Current limits are on our county loan limits page.
Lomita attracts two kinds of buyers in particular: first-time buyers who want a house with a yard near Torrance, and longtime Peninsula homeowners who are downsizing but want to stay close. We work with both, including buyers who need to coordinate a sale and a purchase.
Lomita Neighborhoods We Serve
North Lomita
North of Lomita Boulevard, the city borders Torrance. Streets are flat and lined with mid-century homes on good-sized lots. Shopping and dining along Pacific Coast Highway and in Torrance are a short drive away.
Central Lomita
The area around Narbonne Avenue and Lomita Boulevard is the center of town, with local restaurants, the railroad museum, and City Hall. Housing includes original bungalows, small-lot newer homes, and townhomes that work well for first-time buyers.
South Lomita
South of Pacific Coast Highway the land climbs toward Rolling Hills Estates. Lots are often larger, some homes have city or harbor views, and prices are the highest in Lomita. High-balance conforming loans cover most purchases here.
East Lomita
Along the Harbor City border near Western Avenue, this area offers some of the most affordable single-family homes in the city, along with condo and townhome communities.
Home Loan Programs for Lomita 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 Lomita 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.
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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 Lomita Buyers Choose a Mortgage Broker
- Rate shopping across many lenders — We compare wholesale lenders so you get the best pricing available for your profile.
- First-time buyer guidance — Clear numbers on FHA, VA, and conventional options, including down payment assistance.
- Help for downsizers — Bridge loans and other options if you need to buy before your current home sells.
- Condo and townhome approvals — We check the project early so there are no financing surprises in escrow.
- 30+ years of South Bay experience — Bill Lewis has been originating mortgage loans since 1995. One point of contact from application to closing.
Frequently Asked Questions About Lomita Mortgages
How much do I need for a down payment on a home in Lomita?
FHA loans require 3.5% down, which is $33,250 on a $950,000 home. Conventional loans start at 3% to 5% down, and VA loans require no down payment for eligible borrowers.
Do Lomita homes qualify for conforming loans?
Yes, almost all of them. Los Angeles County is a high-cost county, so its conforming limit is higher than the national baseline. See our county loan limits page for the current figures.
I own a home on the Palos Verdes Peninsula and want to downsize to Lomita. What are my options?
If you need the equity from your current home to buy the next one, a bridge loan or a home equity line can provide the down payment before you sell. If you are 62 or older, a reverse mortgage for purchase is another option. We will go over each with you.
Can I use an FHA loan for a Lomita condo or townhome?
Yes, if the complex is FHA-approved or qualifies for single-unit approval. We check this at the start. Conventional loans with as little as 3% to 5% down are often a good alternative.
What are closing costs like in Lomita?
About 2% to 3% of the purchase price, or roughly $19,000 to $28,500 on a $950,000 home. We provide a detailed estimate early in the process.
Serving Lomita 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 Lomita 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.