Mortgage Lender in Torrance, CA
Serving South Bay homebuyers and homeowners since 1995. As an independent mortgage broker, Choice One Mortgage shops dozens of wholesale lenders to find you the best rate and terms available.
- Free Loan Analysis
- No Obligation
- 30+ Years Experience
Torrance is one of the South Bay’s largest and most diverse cities, home to approximately 145,000 residents who enjoy excellent schools, safe neighborhoods, a thriving economy, and proximity to the Pacific Ocean. Recognized as an “All-America City,” Torrance offers something for virtually every homebuyer — from charming walkable districts and beachside living to quiet suburban streets with top-rated schools. Homes here attract strong demand from first-time buyers, growing families, and move-up purchasers alike.
Choice One Mortgage Company has served South Bay homebuyers and homeowners since our founding in 1995. As a licensed mortgage broker, we do not work for a single bank. Instead, we shop your loan across dozens of wholesale lenders to secure competitive rates and terms tailored to your situation. From conventional and jumbo loans to FHA, VA, reverse mortgages, and non-QM programs, we have the resources to match virtually any Torrance borrower with the right financing solution.
Ready to explore your mortgage options in Torrance?
Call or text — we are available evenings and weekends
Prefer email? Send us a messageThe Torrance Housing Market
Torrance’s real estate market reflects the city’s broad appeal and geographic diversity. Condominiums and townhomes typically start around $700,000, while single-family homes range from the mid-$800,000s in North Torrance to well above $2 million in the Hollywood Riviera area near the coast. The city’s wide price range means that conventional, jumbo, FHA, and VA loans all see strong usage here, depending on the neighborhood and property type.
Because Torrance sits within Los Angeles County, it benefits from one of the highest conforming loan limits in the nation. LA County carries a super high-cost area designation, which raises its conforming loan limit well above the national baseline. That means many buyers who would need a jumbo loan in other markets can qualify for a conventional conforming loan in Torrance, often at lower interest rates and with more flexible underwriting. Even many of the larger homes in South Torrance and the Hollywood Riviera can be financed with conforming loan programs.
For buyers purchasing above the conforming limit, our jumbo loan options provide financing up to several million dollars with competitive rates. We also work with borrowers who have non-traditional income through our non-QM programs including bank statement loans, DSCR investor loans, and asset depletion programs.
Torrance Neighborhoods We Serve
Hollywood Riviera
One of Torrance’s most prestigious neighborhoods, the Hollywood Riviera offers tree-lined streets, ocean breezes, and proximity to Torrance Beach and the Riviera Village shopping district. Homes here frequently exceed $1.5 million, though the generous LA County conforming limit keeps many purchases within conventional loan range. Buyers seeking coastal living without Malibu pricing find exceptional value here.
Old Torrance
The city’s historic downtown district has experienced a remarkable revitalization, with walkable streets, craft breweries, boutique shops, and a growing restaurant scene. Old Torrance features a charming mix of 1920s-era Craftsman homes and newer construction. Prices vary widely, making this area accessible to first-time buyers using FHA or low-down-payment conventional loans as well as move-up purchasers.
South Torrance
Highly coveted for its access to top-rated schools in the Torrance Unified School District, South Torrance draws families willing to pay a premium for academic excellence. Single-family homes here typically range from $1.1 million to $1.8 million. Conventional conforming loans are the most common financing option given the price range and the high LA County loan limit.
North Torrance
Offering some of the most affordable single-family homes and condominiums in the city, North Torrance is a popular entry point for first-time homebuyers. Condos in the $600,000 to $800,000 range and single-family homes starting under $1 million make FHA, VA, and conventional low-down-payment loans all viable options in this part of the city.
West Torrance
A family-friendly neighborhood known for its well-maintained homes, quiet residential streets, and strong community feel. West Torrance benefits from proximity to both the beach areas and major employment centers. Home prices typically fall in the $1 million to $1.5 million range, fitting comfortably within conventional conforming loan limits.
Seaside and Riviera Village Area
The Seaside neighborhood and the area surrounding Riviera Village blend coastal charm with walkability and local character. Residents enjoy easy access to Torrance Beach, boutique shopping, and acclaimed restaurants along Catalina Avenue. Homes range from $1.2 million to over $2 million depending on proximity to the water.
Home Loan Programs for Torrance Buyers
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 Choose Choice One Mortgage Company in Torrance
South Bay roots since 1995. Choice One Mortgage Company was founded in the South Bay in 1995 and has served Torrance homebuyers and homeowners for nearly three decades. Our founder, Bill Lewis, has deep familiarity with Torrance neighborhoods, local market dynamics, and the nuances of buying and refinancing in LA County.
Broker advantage — more options, better rates. Unlike a bank or direct lender that offers only its own products, Choice One Mortgage is a licensed mortgage broker. We shop your loan across dozens of wholesale lenders simultaneously, comparing rates, fees, and terms. This competition works in your favor, often resulting in lower costs than going directly to a single institution.
Personalized service from application to closing. When you call Choice One, you work directly with an experienced loan professional — not a call center. We understand your financial goals, explain your options clearly, and guide you through every step. Whether you are a first-time buyer in North Torrance or refinancing in the Hollywood Riviera, you receive the same hands-on attention.
Full range of loan products. From conventional conforming loans taking advantage of the high LA County loan limits to non-QM scenarios for self-employed professionals and aerospace contractors, we have the programs to handle virtually any mortgage need in Torrance.
Frequently Asked Questions
What is the conforming loan limit in Torrance?
Torrance is in Los Angeles County, which is designated a super high-cost area. The conforming loan limit for LA County is in the highest tier available. It is adjusted each year. See our county loan limits page for the current figure. This means most home purchases in Torrance, even in higher-priced neighborhoods like the Hollywood Riviera and South Torrance, can be financed with conventional conforming loans rather than requiring jumbo financing. Conforming loans typically offer lower interest rates and more flexible underwriting guidelines.
Which Torrance neighborhoods are best for first-time homebuyers?
North Torrance and Old Torrance tend to offer the most accessible price points for first-time buyers, with condominiums starting around $600,000 to $700,000 and single-family homes available under $1 million. These areas provide excellent value while still offering easy access to the rest of the South Bay. FHA loans with 3.5% down and conventional loans with 3% down are both popular financing options for first-time buyers in these neighborhoods.
Can I use a VA loan to buy a home in Torrance?
Yes, and Torrance is an excellent market for VA buyers. VA loans offer zero-down financing with no private mortgage insurance, and there is no loan limit for borrowers with full VA entitlement. That means you can purchase a home at any price point in Torrance with no down payment, provided you meet income and credit requirements. As a broker, we work with multiple VA-approved lenders to find the most competitive rates available.
How does working with a mortgage broker in Torrance save me money?
When you apply directly with a bank, you see only that bank’s rates and products. As a mortgage broker, Choice One Mortgage submits your loan to dozens of wholesale lenders and lets them compete for your business. This typically results in lower rates and reduced fees compared to retail channels. There is no extra cost to you — wholesale lenders pay our compensation, so you benefit from the competition without paying more. On a typical Torrance purchase, the savings can amount to thousands of dollars over the life of the loan.
I am self-employed and work in aerospace contracting. Can I qualify for a mortgage in Torrance?
Absolutely. Torrance has a strong aerospace and defense industry presence, and many contractors and consultants in this sector are self-employed or earn income through their own LLCs. We offer bank statement loan programs that use 12 or 24 months of personal or business bank statements to document income instead of tax returns. We also have asset depletion programs for borrowers with significant savings or investment accounts. These non-QM options are designed for borrowers whose tax returns may not fully reflect their true earning capacity.
Serving the South Bay and Beyond
In addition to Torrance, Choice One Mortgage proudly serves homebuyers and homeowners throughout the South Bay and surrounding communities. Whether you are looking at homes in a neighboring beach city or relocating within LA County, we can help.
Choice One Mortgage Company | NMLS 233784 | CA DRE 01238593
Bill Lewis — Founder | NMLS 284797
78015 Main Street, Suite 201, La Quinta, CA 92253 | (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.