Mortgage Lender in Playa Del Rey, CA
Serving Playa Del Rey homebuyers since 1995, Choice One Mortgage provides personalized mortgage solutions for this quiet, beach-adjacent community where ocean views and small-town charm meet the energy of greater Los Angeles.
Playa Del Rey is one of the most underappreciated coastal neighborhoods in all of Los Angeles. Tucked between Marina del Rey to the north and Dockweiler State Beach to the south, this small residential community offers something increasingly rare along the Southern California coast: a genuine neighborhood feel with beach proximity, stunning bluff-top views, and home prices that — while substantial — remain more accessible than neighboring beach cities like Manhattan Beach or Venice.
With home prices typically ranging from $900,000 to $3 million, Playa Del Rey buyers need a mortgage lender who understands both the conventional and jumbo loan markets. That is exactly what Bill Lewis and Choice One Mortgage deliver. As a mortgage broker with access to dozens of wholesale lenders, we find the best rate and terms for your specific financial profile — whether you are purchasing an ocean-view bluff home, a bungalow near the Ballona Wetlands, or a condominium along Pershing Drive.
Call (310) 614-5920 for a free, no-obligation consultation tailored to your situation.
Free Loan Analysis • No Obligation • 30+ Years Experience
The Playa Del Rey Housing Market
Playa Del Rey is technically a neighborhood within the City of Los Angeles, yet it feels worlds apart from urban LA. Bordered by the Ballona Wetlands to the east, the Pacific Ocean to the west, and the Westchester bluffs to the south, its geographic isolation gives Playa Del Rey a distinctive small-town atmosphere rare on the Southern California coast.
The housing stock varies considerably. Bluff-top homes command $1.5 million to $3 million or more, while bungalows in the flats near Culver Boulevard offer entry points from $900,000 to $1.4 million. Condominiums and townhomes provide additional options at lower price points. The 2026 LA County conforming loan limit is $1,209,750, so bluff homes and larger properties typically require jumbo financing — making broker access to multiple jumbo lenders a genuine financial advantage.
Playa Del Rey is increasingly popular with professionals working in the Silicon Beach tech corridor in nearby Playa Vista — home to Google, YouTube, Snap, and dozens of other technology companies. Many of these buyers have stock-based compensation or self-employment income that requires flexible underwriting through our non-QM loan programs.
Playa Del Rey Neighborhoods We Serve
Playa Del Rey Bluffs
The crown jewel of the community. Homes perched along the coastal bluffs enjoy panoramic ocean views stretching from Malibu to Palos Verdes. These properties command premium prices, typically $1.8 million to $3 million or more, and almost always require jumbo financing. We work with specialty lenders experienced in high-value coastal properties and unique view-lot appraisals.
Westchester Bluffs
Bordering Playa Del Rey to the south, this elevated area offers some of the most dramatic ocean and sunset views in the South Bay region. Homes here range from $1.2 million to $2.5 million. The neighborhood benefits from proximity to both the beach and the established shopping and dining along Sepulveda Boulevard. Both jumbo and high-balance conventional loans are commonly used.
Surfridge
Once a residential neighborhood that was acquired and demolished for LAX expansion, Surfridge is now being converted into public parkland and ecological restoration. While no homes remain in Surfridge itself, properties bordering this area benefit from permanent open space and unobstructed views — a rare commodity in coastal Los Angeles that supports strong property values for adjacent homes.
Playa Vista Border
The eastern edge of Playa Del Rey meets the newer Playa Vista development, home to the Silicon Beach tech hub. Homes and condominiums in this transitional area range from $800,000 to $1.5 million and attract tech professionals seeking a short commute to campus offices. Both conventional and jumbo loan programs work well here depending on purchase price.
Ballona Wetlands Area
Properties near the Ballona Wetlands Ecological Reserve enjoy a unique setting — protected open space and wildlife habitat right in the middle of Los Angeles. Homes in this area range from $900,000 to $1.8 million. The wetlands provide a permanent buffer against future development, making this area appealing to buyers who value nature and long-term property value stability.
Pershing Drive Corridor
Running along the coast, Pershing Drive features a mix of single-family homes, condominiums, and multi-unit properties. Walk to Dockweiler Beach in minutes. Condos start around $600,000 while single-family homes range from $1.2 million to $2.2 million. This corridor sees strong demand from both owner-occupants and investors, and we offer loan programs for both — including DSCR loans for investment properties.
Home Loan Programs for Playa Del Rey 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 Playa Del Rey buyers with the optimal loan program for their financial situation. Here are the programs most relevant to this market:
Jumbo Loans
Essential for bluff-top homes and larger properties priced above the $1,209,750 conforming limit. Our jumbo programs offer competitive rates with as little as 10% down, and we work with lenders experienced in coastal property appraisals.
Conventional Loans
For condos, townhomes, and homes priced within the conforming limit, conventional loans offer excellent rates. Buyers with 20% down avoid mortgage insurance entirely. High-balance conventional loans are particularly useful for properties in the $800,000 to $1.2 million range common in the flats.
Non-QM Loans
Many Playa Del Rey buyers have non-traditional income — stock options, RSUs, contract work, or business ownership. Our non-QM programs include bank statement loans (12 to 24 months of deposits), asset depletion loans, and P&L statement programs ideal for tech professionals and entrepreneurs.
FHA Loans
First-time buyers looking at condos or more affordable properties benefit from FHA financing with as little as 3.5% down and flexible credit requirements. Not all condo complexes are FHA-approved — we help determine eligibility before you make an offer.
VA Loans
Veterans and active-duty military members enjoy zero down payment and no monthly mortgage insurance. With no loan limit for full-entitlement borrowers, VA financing works even on higher-priced Playa Del Rey properties.
Investment Property and DSCR Loans
Beach proximity drives strong rental demand here. Our DSCR programs qualify based on rental income rather than personal income — ideal for investors building a portfolio.
Why Playa Del Rey Buyers Choose a Mortgage Broker
- Access to multiple lenders — We shop your loan across dozens of wholesale lenders simultaneously for the most competitive rate on your specific scenario.
- Coastal property expertise — Ocean-view homes and bluff-top lots present appraisal challenges. We work with lenders experienced in coastal real estate.
- Tech industry income solutions — Stock compensation, RSUs, and startup equity are common here. We know which lenders count these income types favorably.
- 30+ years of local experience — Bill Lewis has been originating mortgage loans since 1995. One point of contact from application to closing.
No cost • No obligation • Response within 24 hours
Frequently Asked Questions About Playa Del Rey Mortgages
What is the conforming loan limit in Playa Del Rey for 2026?
The 2026 conforming loan limit for LA County, which includes Playa Del Rey, is $1,209,750. Amounts above this require jumbo financing. Many bluff-top homes exceed this limit, making jumbo loans common here. We offer competitive jumbo programs from multiple lenders.
Can I get a mortgage in Playa Del Rey if I work in tech and have stock-based compensation?
Yes. We work with lenders who understand stock options, RSUs, and equity-based compensation. Depending on your situation, we may use conventional underwriting that includes vested stock or non-QM programs like bank statement or asset depletion loans. Call (310) 614-5920 to discuss your profile.
Are there good options for first-time homebuyers in Playa Del Rey?
Yes. Condos and townhomes along Pershing Drive and near Playa Vista can be found from $600,000 to $900,000. FHA loans (3.5% down), conventional loans (3% to 5% down), and down payment assistance programs can help first-time buyers enter this market.
Is Playa Del Rey a good area for investment properties?
Yes. Beach proximity, Silicon Beach employers, and limited supply drive strong rental demand. We offer DSCR loans that qualify based on rental income rather than personal income, plus conventional investment property financing.
How does buying in Playa Del Rey compare to neighboring beach cities?
Playa Del Rey offers beach-adjacent living at prices generally below Venice, Santa Monica, and Manhattan Beach. Many purchases fall into a sweet spot where high-balance conventional loans can be used — avoiding jumbo pricing — while still getting ocean proximity. Call us to compare scenarios.
Serving Playa Del Rey and the Greater South Bay
Choice One Mortgage has been serving homebuyers throughout the South Bay and coastal Los Angeles since 1995. We work with buyers and homeowners in Playa Del Rey and all surrounding communities across the region.
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.