Mortgage Lender in Redondo Beach, CA
Helping South Bay homebuyers and homeowners find the right mortgage since 1995. As an independent mortgage broker, Choice One Mortgage shops dozens of wholesale lenders to secure the best rate and terms for your beach city home.
Redondo Beach is one of the South Bay’s most sought-after beach communities, offering a rare combination of coastal living, walkable neighborhoods, and strong property values. With a population of approximately 73,000, this LA County city stretches from the bustling King Harbor marina to quiet tree-lined residential streets, attracting young professionals, growing families, and long-time residents who value the beach lifestyle without the congestion of larger coastal cities. Whether you are buying your first condo near the pier or upgrading to a beachfront home in South Redondo, working with a mortgage broker who knows this market intimately makes a real difference.
Choice One Mortgage Company has served homebuyers and homeowners throughout the South Bay since our founding in 1995. As a licensed mortgage broker, we do not work for a single bank or lender. Instead, we shop your loan across dozens of wholesale lenders simultaneously, letting them compete for your business. From conventional and jumbo loans to FHA, VA, reverse mortgages, and non-QM specialty programs, we have the lender relationships and product knowledge to match virtually any borrower with the right financing solution for a Redondo Beach purchase or refinance.
Ready to explore your mortgage options in Redondo Beach?
(310) 614-5920Call or text — we are available evenings and weekends
The Redondo Beach Housing Market
Redondo Beach real estate reflects the premium that buyers place on coastal living in the South Bay. The market spans a wide range, from condominiums and townhomes starting around $800,000 to single-family homes in prime locations commanding $2 million to $3 million or more. Beachfront properties and homes with ocean views along the Esplanade or in the Hollywood Riviera border area regularly exceed $3 million. The diversity of housing stock — from mid-century bungalows to newly built modern construction — means there are entry points for first-time buyers and move-up opportunities for established homeowners alike.
Redondo Beach sits within Los Angeles County, where the 2026 conforming loan limit is $1,209,750 for a single-unit property. This is one of the highest conforming limits in the country, which is a significant advantage for South Bay buyers. Many homes that would require jumbo financing in other markets can be purchased with a conventional conforming loan here, typically at lower interest rates and with more flexible underwriting. For buyers targeting higher-end properties above the conforming limit, our jumbo loan programs offer competitive rates with financing well into the multi-million dollar range.
The Redondo Beach market is characterized by strong demand and limited inventory, particularly for single-family homes in South Redondo and near the beach. Homes in desirable neighborhoods often receive multiple offers and sell quickly. Having a strong pre-approval from a knowledgeable mortgage broker signals to sellers that you are a serious, well-qualified buyer — which can make the difference in a competitive offer situation.
Redondo Beach Neighborhoods We Serve
South Redondo / Riviera Village
The crown jewel of Redondo Beach, South Redondo is home to the charming Riviera Village shopping district with its boutiques, restaurants, and sidewalk cafes. Homes here command premium prices, with single-family properties typically ranging from $1.5 million to well over $3 million. Jumbo and high-balance conventional loans are the most common financing tools in this neighborhood.
North Redondo
Offering more affordable entry points than its southern counterpart, North Redondo stretches inland toward Artesia Boulevard and features a mix of single-family homes, townhomes, and condominiums. Many first-time buyers find their start here, with prices that frequently fall within the LA County conforming loan limit — making conventional financing an attractive and cost-effective option.
Hollywood Riviera Border
The southeastern corner of Redondo Beach borders the prestigious Hollywood Riviera neighborhood of Torrance, sharing its hillside character and ocean views. Larger homes on generous lots appeal to families who want the Redondo Beach address with a Riviera feel. Properties here often require jumbo financing given the premium lot sizes and panoramic views.
Harbor / Pier Area
The King Harbor and pier area is the social heart of Redondo Beach, with waterfront dining, the marina, and direct access to The Strand bike path. Condominiums and townhomes dominate the housing stock near the harbor, providing a lower-maintenance coastal lifestyle. These properties typically range from $800,000 to $1.5 million, fitting well within conforming loan limits.
Alta Vista Area
A family-friendly neighborhood in the central part of the city, Alta Vista is known for its parks, quiet streets, and proximity to Alta Vista Elementary. Single-family homes here attract growing families looking for a neighborhood feel within walking distance of schools and recreation. Prices generally range from $1.2 million to $2 million, with most purchases eligible for conforming conventional loans.
Beryl Heights
Located in the northern portion of Redondo Beach, Beryl Heights offers a blend of established homes and newer construction. The neighborhood provides convenient access to shopping along Artesia Boulevard and PCH while maintaining a residential character. Townhomes and smaller single-family homes here are popular with first-time buyers and young professionals entering the South Bay market.
Home Loan Programs for Redondo Beach Buyers
Conventional Loans
With the 2026 LA County conforming loan limit at $1,209,750, a significant share of Redondo Beach home purchases can be financed with conventional conforming loans. These loans offer competitive interest rates, down payments as low as 3% for qualified buyers, and no upfront mortgage insurance premiums. For buyers purchasing condominiums in North Redondo or near the harbor, conventional financing is often the most cost-effective path to homeownership in the South Bay.
Jumbo Loans
South Redondo, the Hollywood Riviera border, and beachfront properties frequently exceed the conforming limit, requiring jumbo financing. As a mortgage broker, Choice One Mortgage works with multiple jumbo lenders, giving us access to competitive rates and flexible terms that a single bank cannot match. We offer jumbo programs with as little as 10% down on loan amounts up to $2 million and beyond, with options for interest-only payments during the initial term.
FHA Loans
FHA loans are a solid option for first-time homebuyers entering the Redondo Beach market, particularly those purchasing condominiums or townhomes. With down payments as low as 3.5% and more lenient credit requirements, FHA financing helps buyers who might not qualify for conventional programs. The FHA loan limit in Los Angeles County also benefits from its high-cost area designation, allowing for higher loan amounts.
VA Loans
The South Bay has a proud military history, with the former South Bay military housing areas and proximity to Los Angeles Air Force Base in nearby El Segundo. VA loans offer zero-down financing with no private mortgage insurance for eligible veterans and active-duty service members — one of the most powerful home loan benefits available. Given Redondo Beach property values, VA loans paired with the high LA County loan limits provide exceptional purchasing power.
Non-QM and Specialty Programs
Redondo Beach is home to many entrepreneurs, tech professionals, and business owners whose income documentation does not fit neatly into conventional guidelines. Our non-QM programs include bank statement loans that use 12 or 24 months of deposits to qualify self-employed borrowers, DSCR loans for real estate investors purchasing rental properties, and asset depletion programs for retirees or individuals with substantial investment portfolios. These flexible programs help qualified borrowers who would be turned away by traditional banks.
Reverse Mortgages
For Redondo Beach homeowners aged 62 and older, a reverse mortgage can convert a portion of home equity into tax-free funds without requiring monthly mortgage payments. Given the substantial home values throughout Redondo Beach, reverse mortgages can provide significant financial flexibility — whether to supplement retirement income, cover healthcare costs, or simply enjoy the coastal lifestyle without monthly payment obligations.
Why Choose Choice One Mortgage in Redondo Beach
South Bay roots since 1995. Choice One Mortgage Company has been serving homebuyers in the South Bay for over three decades. Our founder, Bill Lewis, has deep knowledge of Redondo Beach neighborhoods, local market conditions, and the specific challenges and opportunities of buying along the coast. That local expertise translates into better guidance and smoother closings for our borrowers.
Broker advantage — more options, better rates. Unlike a bank or credit union that offers only its own mortgage products, Choice One Mortgage is an independent mortgage broker. We submit your loan to dozens of wholesale lenders and let them compete for your business. This competition consistently results in more favorable rates and terms than going directly to a single institution. There is no additional cost to you — wholesale lenders pay our compensation, so you benefit from the competition without paying extra fees.
Personalized service from start to close. When you call Choice One, you work directly with an experienced loan professional — not a call center or chatbot. We take the time to understand your financial goals, explain your options in plain language, and guide you through every step of the mortgage process. Whether you are a first-time buyer in North Redondo or refinancing a beachfront home in South Redondo, you receive the same dedicated, hands-on attention.
Every loan type under one roof. From conventional conforming loans taking full advantage of the high LA County loan limits to jumbo financing for premium beachfront properties, from FHA and VA loans to complex non-QM scenarios for self-employed borrowers, we have the programs and lender relationships to handle virtually any mortgage need in Redondo Beach. One call, dozens of options.
Let us find the right mortgage for your Redondo Beach home
(310) 614-5920Free consultation — no obligation, no pressure
Frequently Asked Questions
What is the 2026 conforming loan limit in Redondo Beach?
Redondo Beach is in Los Angeles County, which is designated a high-cost area. The 2026 conforming loan limit is $1,209,750 for a single-unit property — one of the highest in the nation. This means many Redondo Beach home purchases that would require jumbo financing in other markets can be completed with a conventional conforming loan, which typically offers lower interest rates and more flexible qualification guidelines.
How does using a mortgage broker help me buy a home in Redondo Beach?
A bank or credit union can only offer its own mortgage products at its own rates. As a mortgage broker, Choice One Mortgage shops your loan across dozens of wholesale lenders simultaneously, creating competition for your business. This typically results in lower rates and more program options. There is no extra cost to you for using a broker — wholesale lenders pay our compensation. In a competitive market like Redondo Beach, having access to more lenders also means faster approvals and stronger pre-approval letters that can help your offer stand out.
Can I buy a condo in Redondo Beach with a low down payment?
Yes. Conventional loans allow as little as 3% down, and FHA loans require just 3.5% down. For a condo priced at $800,000, that means a down payment of $24,000 to $28,000 respectively. The key consideration for condo purchases is that the condominium project itself must meet lender guidelines — factors like HOA reserves, owner-occupancy ratios, and litigation history all matter. As a broker, we work with lenders that have varying condo approval requirements, giving us more flexibility to get your condo purchase financed.
What if I am self-employed and want to buy in Redondo Beach?
Many Redondo Beach residents are self-employed professionals, business owners, or freelancers. We offer bank statement loan programs that use 12 or 24 months of personal or business bank statements to document income rather than tax returns. We also offer asset depletion programs and profit-and-loss-based qualification for borrowers with strong financials that do not fit traditional documentation standards. These non-QM programs are specifically designed for the types of borrowers who are common in the South Bay.
How quickly can I close on a home in Redondo Beach?
A typical home purchase closes in 25 to 35 days from accepted offer, depending on the loan type. Conventional loans generally close within 25 to 30 days, while FHA and VA loans may take slightly longer due to additional appraisal requirements. Jumbo loans can vary depending on the lender. Getting pre-approved before you start house hunting can shorten the timeline significantly — we can often issue a pre-approval letter within 24 hours of receiving your application, so you are ready to act quickly in Redondo Beach’s competitive market.
Serving the South Bay and Beyond
In addition to Redondo Beach, Choice One Mortgage proudly serves homebuyers and homeowners throughout the South Bay and greater Los Angeles area. Whether you are comparing neighborhoods across the beach cities or relocating within LA County, we can help.
Choice One Mortgage Company | NMLS 233784 | CA DRE 01238593
Bill Lewis — Founder | NMLS 284797
(310) 614-5920
Equal Housing Lender. Subject to credit and property approval. This is not a commitment to lend. Programs, rates, terms, and conditions are subject to change without notice.