Mortgage broker serving Monrovia, CA, offering a full range of loan programs - purchases, refinancing, investment properties, FHA, VA, jumbo, DSCR, bank statement loans, down payment assistance, and more. Personalized programs for your unique situation. 40+ years California mortgage experience.
Schedule a quick 15-minute call and we'll match you to the right program and give you the best rate for your unique situation.
We as brokers shop hundreds of lenders for you. Banks offer their own limited products.
As mortgage specialists serving Monrovia buyers, we match your unique situation to the right program.
Monrovia's competitive market demands strong pre-approval and flexible loan options.
We've spent 40+ years solving these exact challenges.
We're here to help match you with the perfect loan program for your Monrovia purchase.
SCHEDULE FREE CONSULTATION"For over 30 years, A Good Lender has been a trusted and essential part of my family's financial journey, guiding us through more than a dozen mortgage financing transactions with professionalism, integrity and care. What sets A Good Lender apart is their reliability and ability to demystify the mortgage process."
"Rodney Roloff & The Team at A Good Lender made my house buying process a breeze. Rodney helped me to better understand the loan process and walked me through everything step by step. If your looking for a good lender. One who will help you get the best rate. I highly recommend reaching out to Rodney and his team at 'A good lender'"
"From our first home buying experience, to exploring HELOC options, and refinancing, every step we were supported with clear and accurate information. A team who's knowledgeable, prompt to respond to any questions, and who genuinely cares for their clients is a rare find in this industry."
We've simplified the mortgage maze into four clear steps. No surprises, just results.
Complete your loan application online and upload your documents. We'll review everything to make sure it's complete before submitting to our lending partners.
We submit your application to our lending partners. Their underwriters review your documents, verify your income and credit, and issue your loan approval.
Sign your final documents, get your keys, and move into your Monrovia home. We coordinate everything to make closing day smooth and stress-free.
Finding the right home loan in Monrovia starts with understanding your options. We've streamlined hundreds of mortgage programs into 8 clear categories for Monrovia home buyers—covering purchase loans, refinance, commercial real estate, and specialized financing like bank statement and jumbo loans. Explore the general programs to compare down payment options and requirements, or apply now for a custom financing solution tailored to your Monrovia property.
Whether you're buying your first condo or a $3M estate, we offer comprehensive financing solutions with 14-day closings. Explore our complete range of purchase loan programs below.
Refinance to lower your interest rate, shorten your loan term, or access home equity for renovations, debt consolidation, or investment opportunities. Explore all refinance programs below.
Finance commercial real estate, owner-occupied buildings, or business expansions. Explore all commercial financing programs below.
Finance new construction, renovations, or land purchases. Explore all construction and renovation programs below.
From condos and townhomes to multi-family buildings and unique property types. Explore all specialized property financing programs below.
We specialize in complex financing scenarios where traditional loans don't fit. Explore all niche programs below.
Access California's down payment assistance programs. Explore all DPA programs below.
Self-employed professionals, freelancers, and business owners. Explore all special income documentation programs below.
Speed & Certainty
Whether you're buying your first condo or a $3M estate, we offer comprehensive financing solutions with 14-day closings. Explore our complete range of purchase loan programs below.
Rate & Term, Cash-Out
Refinance to lower your interest rate, shorten your loan term, or access home equity for renovations, debt consolidation, or investment opportunities. Explore all refinance programs below.
SBA 504 & 7(a)
Finance commercial real estate, owner-occupied buildings, or business expansions. Explore all commercial financing programs below.
Build & Improve
Finance new construction, renovations, or land purchases. Explore all construction and renovation programs below.
Specialized Properties
From condos and townhomes to multi-family buildings and unique property types. Explore all specialized property financing programs below.
Complex Scenarios
We specialize in complex financing scenarios where traditional loans don't fit. Explore all niche programs below.
CalHFA & Local DPA
Access California's down payment assistance programs. Explore all DPA programs below.
Alternative Documentation
Self-employed professionals, freelancers, and business owners. Explore all special income documentation programs below.
Popular loan programs for Monrovia homebuyers. Compare options and find your best fit.
| Loan Type | Down Payment | Credit Score | Best For |
|---|---|---|---|
| No Down Payment Program Featured | $0 (3.5% grant) | 580+ | Any buyer - grant covers FHA or Conventional down payment, forgiven after 6 payments |
| Conventional | 3-20% | 620+ | Good credit, stable income. Max: $1,249,125 |
| FHA | 3.5% minimum | 580+ | First-time buyers with limited savings |
| VA | $0 | No minimum | Veterans, active military, surviving spouses |
| Jumbo | 15-20% | 680+ | Properties exceeding $1,249,125 |
| Bank Statement | 10-20% | 660+ | Self-employed buyers who write off business expenses |
| DSCR | 20-25% | 660+ | Rental income properties, real estate investors |
| Reverse Mortgage | N/A | No minimum | Homeowners 62+ tapping equity without payments |
Questions? Call (510) 589-4096 or email info@agoodlender.com
Most Monrovia homes qualify for conforming loans under $1.25M. Best rates with 3-20% down.
Veterans buy in Monrovia with nothing down. VA loans up to $1.25M with no mortgage insurance.
FHA loans popular for Monrovia first-timers. 3.5% down, 580 credit minimum.
Higher-end Monrovia properties may exceed $1.25M. Jumbo financing available when needed.
Bank statement loans work for Monrovia's self-employed buyers. 12-24 months of deposits qualify you.
CalHFA MyHome provides up to 3.5% down payment assistance for Monrovia buyers.
Bridge loans help Monrovia buyers compete. Make non-contingent offers while selling current home.
Monrovia investment properties in LLC. Entity financing available for investors.
Most Monrovia mortgages qualify for conforming refinance. Lower your rate under the limit.
Monrovia homeowners tap equity with cash-out refinance. Consolidate debt or fund renovations.
Veterans in Monrovia refinance with VA IRRRL. No appraisal, no income verification.
Monrovia HELOC options for home equity access. Credit line with variable rate draw period.
Monrovia FHA borrowers can streamline refinance. No income verification or appraisal required.
Home equity loan option for Monrovia. Fixed payments unlike variable HELOC.
Monrovia rental investors use DSCR loans. Property income determines qualification, not W-2s.
Renovation investors in Monrovia use fix-and-flip financing. Purchase plus rehab in one loan.
Monrovia apartment financing available. Multifamily loans for 5+ unit buildings.
Commercial hard money in Monrovia. Speed and flexibility for investment deals.
Buy a home with zero down payment. Our lenders cover your entire down payment through grant programs. No repayment required. Available for Monrovia buyers with qualifying income.
CalHFA MyHome provides up to 3.5% down payment assistance for Monrovia buyers.
Local Monrovia DPA programs supplement state assistance. City grants reduce out-of-pocket costs.
Monrovia buyers check Elite grant eligibility. Grant funds reduce out-of-pocket costs.
Gift of equity option for Monrovia family purchases. Parents selling to children at discount.
Monrovia buyers use non-occupant co-borrowers. Parents help children qualify for homes.
Every situation is unique. The right loan program depends on your unique situation. See what works best for you.
Questions? Call (510) 589-4096 or email info@agoodlender.com
Monrovia sits at the base of the San Gabriel Mountains, about 20 miles northeast of downtown LA. Population is 37,656, median household income $93,827. The homeownership rate here is 46.8%, which is low for a suburban community but makes sense when you look at the $950K median home price. This isn't entry-level territory. You're looking at a place where buyers typically need solid income, strong credit, and often 20% down to compete in a market that's held its value through every cycle.
If you're buying with kids in mind, the school situation is part of what keeps Monrovia stable. Monrovia High serves the whole city, Clifton Middle feeds into it, and Monroe Elementary and Bradoaks Elementary anchor the elementary level. The district is unified and well-funded, which matters when you're thinking about long-term property values. That $93K median income means most families here can afford to stay put, and stable neighborhoods with decent schools hold their value better when you eventually sell. The 46.8% ownership rate is lower than you'd expect for a suburban area, but that's partly because rental properties in Old Town and near the metro station serve commuters who can't afford to buy yet.
Where you buy in Monrovia affects your financing strategy more than you'd think. Old Town Monrovia runs around $950K for historic homes near the shops and restaurants on Myrtle Avenue. These are older properties, often 1920s craftsman or Spanish revival, which means you'll want a conventional loan with room in your budget for maintenance and potential upgrades. Lenders look closely at older homes, so expect a thorough appraisal. Hillcrest up near the foothills also hits that $950K median, but you're getting newer construction or remodeled mid-century homes with mountain access and views. Buyers here typically use conventional loans with 20% down to avoid PMI, and you'll compete with cash offers from people selling out of pricier LA neighborhoods. Both areas require strong financials. FHA loans are tough in this price range because you'll hit loan limits, and sellers often prefer conventional or cash buyers who can close faster.
The commute situation is a big part of why Monrovia commands these prices. You're 30 minutes to downtown LA, 46 to Santa Monica, 43 to Long Beach, 52 to Irvine. That's real accessibility without living directly in the urban core, and proximity to job centers is what keeps property values stable. Foothill Transit connects you to the Gold Line, which matters if you're trying to avoid the daily drive. The location gives you options, and options mean your home holds its value better than places where everyone's stuck on the same congested freeway. When you're paying $950K, that commute flexibility isn't just a lifestyle perk. It's part of your investment thesis.
The local employment base is mostly public sector and healthcare. Monrovia Unified School District is the largest employer, followed by the City of Monrovia itself, Methodist Hospital through Dignity Health, and Foothill Transit. It's a stable mix that doesn't boom or bust dramatically, which is actually good news for property values. Most buyers here don't work locally though. They're commuting to LA, Pasadena, or the broader San Gabriel Valley for higher-paying jobs that support these mortgage payments. You need roughly $200K household income to comfortably afford a $950K home with 20% down, and that income usually comes from professional jobs in the wider metro area, not local retail or service work.
Common questions from Monrovia homebuyers and refinance clients. Can't find your answer? Book a 15-minute call with a Senior Loan Officer.
Pre-approval typically takes 24-72 hours. Full underwriting approval takes 14-21 days. We work with lenders offering express underwriting for strong borrowers who need faster closings.
Standard documents needed: pay stubs (last 30 days), W-2s (past 2 years), tax returns (past 2 years), bank statements (past 2 months), and photo ID. Self-employed borrowers need business tax returns and P&L statements. We'll provide a complete checklist for your situation.
Typical Monrovia closing timeline: 30-45 days from accepted offer. VA/FHA loans may take slightly longer. Cash buyers close in 7-14 days. We work to meet your timeline and coordinate with all parties to close on schedule.
You have several low down payment options in Monrovia: Conventional (3% down), FHA (3.5% down), VA (0% for veterans), and our 6-Month Forgivable Grant Program covering your entire down payment. Many Monrovia buyers purchase with 3.5% or less down.
Our No Money Down program offers $0 down payment for qualified Monrovia buyers. We also offer our 6-Month Forgivable Grant (covers 3-3.5% down, forgiven after 6 months), CalHFA programs, and local first-time buyer assistance. Unlike CalHFA's 5-year requirements, our programs have no income limits and no first-time buyer requirement.
Yes! Zero-down options for Monrovia buyers include: VA loans (eligible veterans), USDA loans (eligible rural areas), and our 6-Month Forgivable Grant Program combined with seller concessions for closing costs. Many Monrovia families purchase with minimal upfront cash.
2026 Los Angeles County limits: FHA $1,249,125, Conventional $1,249,125. Any loan above $1,249,125 is a jumbo loan. Most Monrovia properties fall within conforming limits, maximizing your financing options.
For Monrovia's $500,000 median price: FHA is better for credit scores under 680 or down payments under 5%—it's more forgiving on DTI ratios too. Conventional is better with 5%+ down and 700+ credit (lower PMI costs). We compare both options for your specific situation.
A denial doesn't mean you can't buy in Monrovia. We review your denial letter, identify the specific issues (credit, DTI, income documentation), and match you with lenders who have more flexible guidelines. Common solutions include FHA loans for credit flexibility, alternative documentation, or co-borrower structures.
Credit requirements by loan type: FHA accepts 580+ (or 500 with 10% down), conventional starts at 620, VA at 620+. Our zero-down grant program works with 640+. Higher scores (720+) get better rates, but we work with borrowers across the credit spectrum.
Absolutely—first-time buyers are our specialty in Monrovia. We guide you through the entire process, help you understand FHA vs conventional vs VA options, identify all available down payment assistance in Los Angeles County, and structure your purchase to minimize upfront costs.
You still have options in Monrovia. FHA loans accept credit scores as low as 580 (or 500 with 10% down). We also offer credit improvement strategies and can connect you with rapid rescoring services to boost your score before applying. Many buyers improve 20-50 points within 30 days.
As a mortgage broker, we shop your scenario across 50+ wholesale lenders to find the best pricing. Unlike retail banks that only offer their own rates, we show you side-by-side comparisons with identical terms. No junk fees or hidden charges—just transparent pricing.
You work directly with a Senior Loan Officer (15+ years average experience) from application through closing—not a call center. We have local Los Angeles County expertise, same-day underwriting decisions, and flexibility to solve complex situations that algorithm-based lenders decline.
Closing costs in Monrovia typically run 2-4% of the purchase price. On a $500,000 home, expect $10,000-$20,000 covering appraisal, title insurance, escrow fees, and prepaids. FHA allows sellers to contribute up to 6% toward your closing costs.
Pre-approval typically takes 24-72 hours. Full underwriting approval takes 14-21 days. We work with lenders offering express underwriting for strong borrowers who need faster closings.
You have several low down payment options in Monrovia: Conventional (3% down), FHA (3.5% down), VA (0% for veterans), and our 6-Month Forgivable Grant Program covering your entire down payment. Many Monrovia buyers purchase with 3.5% or less down.
A denial doesn't mean you can't buy in Monrovia. We review your denial letter, identify the specific issues (credit, DTI, income documentation), and match you with lenders who have more flexible guidelines. Common solutions include FHA loans for credit flexibility, alternative documentation, or co-borrower structures.
As a mortgage broker, we shop your scenario across 50+ wholesale lenders to find the best pricing. Unlike retail banks that only offer their own rates, we show you side-by-side comparisons with identical terms. No junk fees or hidden charges—just transparent pricing.
You work directly with a Senior Loan Officer (15+ years average experience) from application through closing—not a call center. We have local Los Angeles County expertise, same-day underwriting decisions, and flexibility to solve complex situations that algorithm-based lenders decline.
Closing costs in Monrovia typically run 2-4% of the purchase price. On a $500,000 home, expect $10,000-$20,000 covering appraisal, title insurance, escrow fees, and prepaids. FHA allows sellers to contribute up to 6% toward your closing costs.
Standard documents needed: pay stubs (last 30 days), W-2s (past 2 years), tax returns (past 2 years), bank statements (past 2 months), and photo ID. Self-employed borrowers need business tax returns and P&L statements. We'll provide a complete checklist for your situation.
Typical Monrovia closing timeline: 30-45 days from accepted offer. VA/FHA loans may take slightly longer. Cash buyers close in 7-14 days. We work to meet your timeline and coordinate with all parties to close on schedule.
Credit requirements by loan type: FHA accepts 580+ (or 500 with 10% down), conventional starts at 620, VA at 620+. Our zero-down grant program works with 640+. Higher scores (720+) get better rates, but we work with borrowers across the credit spectrum.
2026 Los Angeles County limits: FHA $1,249,125, Conventional $1,249,125. Any loan above $1,249,125 is a jumbo loan. Most Monrovia properties fall within conforming limits, maximizing your financing options.
Our No Money Down program offers $0 down payment for qualified Monrovia buyers. We also offer our 6-Month Forgivable Grant (covers 3-3.5% down, forgiven after 6 months), CalHFA programs, and local first-time buyer assistance. Unlike CalHFA's 5-year requirements, our programs have no income limits and no first-time buyer requirement.
Yes! Zero-down options for Monrovia buyers include: VA loans (eligible veterans), USDA loans (eligible rural areas), and our 6-Month Forgivable Grant Program combined with seller concessions for closing costs. Many Monrovia families purchase with minimal upfront cash.
Absolutely—first-time buyers are our specialty in Monrovia. We guide you through the entire process, help you understand FHA vs conventional vs VA options, identify all available down payment assistance in Los Angeles County, and structure your purchase to minimize upfront costs.
You still have options in Monrovia. FHA loans accept credit scores as low as 580 (or 500 with 10% down). We also offer credit improvement strategies and can connect you with rapid rescoring services to boost your score before applying. Many buyers improve 20-50 points within 30 days.
For Monrovia's $500,000 median price: FHA is better for credit scores under 680 or down payments under 5%—it's more forgiving on DTI ratios too. Conventional is better with 5%+ down and 700+ credit (lower PMI costs). We compare both options for your specific situation.
The FHA loan limit in Monrovia is $1,250,000 for 2025, which covers most homes in this market. With median home prices around $950K, FHA loans are a solid option for buyers who want a lower down payment of just 3.5%. This higher limit makes Monrovia's upper. middle market accessible to more buyers than in previous years.
Most buyers in Monrovia won't need a jumbo loan since the conforming limit is $1,250,000 and the median home price is around $950K. However, if you're looking at higher. end properties above $1.25M, you'll need jumbo financing. The good news is that many Monrovia homes fall comfortably within conforming limits, giving you access to better rates and terms.
For 2025, Los Angeles County loan limits are $1,250,000 for conforming, FHA, and VA loans. These limits apply throughout Monrovia and the surrounding area. Final 2026 limits will be announced by FHFA in November 2025, but current limits already provide strong coverage for most properties in the $900K to $1.25M range.
Yes, VA loans are available in Monrovia with a loan limit of $1,250,000 and no down payment required for eligible veterans. This limit covers the vast majority of homes in Monrovia's market, making it an excellent option if you qualify. VA loans also don't require mortgage insurance, which can save you significantly on monthly payments.
Our No Money Down program offers $0 down payment for qualified buyers, making homeownership more accessible in Monrovia's competitive market. CalHFA programs provide down payment and closing cost assistance with various income limits that work well for the area's median income of $93,827. Los Angeles County may also offer additional local programs for first. time buyers or specific professions.
Down payments in Monrovia typically range from 3% to 20% depending on your loan type and financial situation. On a $950K home, that's $28,500 to $190,000. Conventional loans allow as little as 3% down, FHA requires 3.5%, and VA or USDA loans may require nothing down if you qualify.
Most lenders require a minimum credit score of 620 for conventional loans in Monrovia, though FHA loans may accept scores as low as 580. Given the upper. middle market price point around $950K, you'll get the best rates and terms with a score of 700 or higher. If your score needs work, many buyers spend a few months improving it before applying to secure better loan options.
Look for a lender experienced with Monrovia's upper. middle market who can handle both conforming and jumbo loans if needed. Compare rates, fees, and closing timelines from at least three lenders, and ask about their experience with properties in the $900K to $1.25M range. A local lender familiar with Los Angeles County will understand the market and can often close faster in competitive situations.
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