Mortgage broker serving Redondo Beach, 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 Redondo Beach buyers, we match your unique situation to the right program.
Redondo Beach buyers in the luxury segment face unique challenges with high-value properties exceeding $1.25M.
We've spent 40+ years solving these exact challenges.
We're here to help match you with the perfect loan program for your Redondo Beach 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 Redondo Beach home. We coordinate everything to make closing day smooth and stress-free.
Finding the right home loan in Redondo Beach starts with understanding your options. We've streamlined hundreds of mortgage programs into 8 clear categories for Redondo Beach 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 Redondo Beach 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 Redondo Beach homebuyers. Compare options and find your best fit.
| Loan Type | Down Payment | Credit Score | Best For |
|---|---|---|---|
| Jumbo | 10-20% | 680+ | Homes above $1,249,125 |
| Bank Statement | 10-20% | 660+ | Self-employed, business owners, tech consultants |
| VA | $0 | No minimum | Veterans, active military (0% down on any price) |
| Asset Depletion | 10-20% | 680+ | Retirees, investors with $500K+ liquid assets |
| Conventional | 3-20% | 620+ | Good credit, flexible down payment. Up to $1,249,125 |
| DSCR | 20-25% | 660+ | Investment properties, no income verification |
| No Down Payment Program Featured | $0 (3.5% grant) | 580+ | First-time buyers - grant covers FHA or Conventional down payment |
| Reverse Mortgage | N/A | No minimum | Seniors 62+ accessing Redondo Beach home equity |
Questions? Call (510) 589-4096 or email info@agoodlender.com
Redondo Beach prices often exceed $1.25M. Jumbo loans cover properties above the conforming limit with 10-20% down.
Properties under $1.25M get conforming financing. Split between conforming and jumbo in Redondo Beach.
Self-employed? Redondo Beach bank statement loans use deposits, not tax returns. Common for entrepreneurs.
VA loans cover all Redondo Beach properties with $0 down. No PMI ever. Veterans' best option.
Asset depletion loans for Redondo Beach buyers with $500K+ liquid assets. Qualify on portfolio, not paycheck.
First-time Redondo Beach buyers can use FHA with 3.5% down. Limit is $1.25M.
Bridge financing for Redondo Beach moves. Purchase before your current home sells.
Entity financing for Redondo Beach investors. Purchase in LLC for asset protection.
Redondo Beach loans under $1.25M get conforming refinance rates. Best rates available.
Access Redondo Beach home equity with cash-out refi. Up to 80% LTV for improvements or investments.
HELOC for Redondo Beach homeowners with equity. Flexible access without full refinance.
VA IRRRL refinance for Redondo Beach veterans. Lower your rate without appraisal or income docs.
Redondo Beach home equity loans available. Fixed rate second mortgage for large expenses.
FHA streamline for Redondo Beach homeowners with FHA loans. Lower your rate without appraisal.
Investment properties in Redondo Beach can use DSCR financing. Rental income qualifies the loan.
Redondo Beach rehab projects use fix-and-flip loans. 12-18 month terms for buy-renovate-sell.
Multifamily loans for Redondo Beach apartment buildings. Commercial rates for larger properties.
Hard money financing for Redondo Beach commercial. Fast approval when banks are too slow.
Buy a home with zero down payment. Our lenders cover your entire down payment through grant programs. No repayment required. Available for Redondo Beach buyers with qualifying income.
CalHFA programs can help Redondo Beach first-time buyers. Check income limits for eligibility.
Redondo Beach family transfers use gift of equity. Below-market sale with equity as down payment.
Non-occupant co-borrower option in Redondo Beach. Family member income helps qualification.
Check Redondo Beach city programs for additional DPA. May stack with CalHFA for more help.
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
Redondo Beach sits on the Pacific Coast about 20 miles south of downtown LA. Population is 70,620, median household income $134,033. The homeownership rate here is 52.5%, which is actually pretty typical for a premium beach city where renting is common among younger professionals. At $1.56M median home price, this is one of the South Bay's three crown jewels along with Manhattan and Hermosa. You're looking at jumbo loan territory across the board, and buyers here typically need six-figure household incomes and substantial down payments to make the numbers work.
The schools are a big part of why families stretch their budgets to buy here instead of renting or moving inland. Redondo Union High is well-regarded and has strong community support. Adams and Parras middle schools serve different parts of the city, and Washington Elementary is one of several solid elementary options. The district's reputation adds a premium to home values, which matters when you're putting down $300K-$400K and financing over a million. Families who buy here tend to stay through high school, which keeps the neighborhood stable and helps with long-term appreciation. When you're carrying a $7,000+ monthly mortgage payment, knowing your property will hold value matters.
Here's the thing about Redondo Beach. The whole city trades in a pretty tight range around $1.6M, so you're not choosing neighborhoods based on price as much as lifestyle. North Redondo runs more residential and sits further from the sand, popular with families who want the Redondo schools and address without paying the absolute beach premium. South Redondo and Riviera Village offer that walkable village vibe with shops and restaurants, great if you want to ditch one car and cut costs elsewhere. The Pier and Waterfront District puts you right on the sand with King Harbor views, but you'll pay top dollar and likely need a jumbo loan north of $1.2M after your down payment. All these areas require conventional jumbo financing unless you're putting down 40-50%, which some buyers do to keep monthly payments manageable.
The commute situation is honestly one of the best arguments for stretching your budget to live here. You're 38 minutes to downtown LA, 32 to Santa Monica, 28 to Long Beach, 48 to Irvine. Compare that to Palmdale or Apple Valley where you're spending two hours each way, and suddenly that extra $800K in home price starts making sense if you value your time. PCH runs right through town, and you've got easy access to the 405 and 110. If you work in aerospace, Northrop Grumman and the other South Bay defense contractors are right here. The short commutes mean you can actually enjoy the beach lifestyle you're paying for instead of sitting in traffic.
The local economy runs on a mix of public sector stability and high-paying private sector jobs. Redondo Beach Unified School District and the City of Redondo Beach provide steady government employment. But the real driver is aerospace. Northrop Grumman and the other defense contractors in the South Bay employ thousands of engineers and program managers earning $150K-$300K, which is exactly the income level you need to qualify for a $1.5M mortgage. Beach Cities Health District adds healthcare jobs, and the retail and hospitality sector around the pier and Riviera Village stays busy year-round. Most buyers here are dual-income professional couples, often with at least one spouse in aerospace, tech, or finance.
Common questions from Redondo Beach 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 Redondo Beach 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 Redondo Beach: Conventional (3% down), FHA (3.5% down), VA (0% for veterans), and our 6-Month Forgivable Grant Program covering your entire down payment. Many Redondo Beach buyers purchase with 3.5% or less down.
Our No Money Down program offers $0 down payment for qualified Redondo Beach 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 Redondo Beach 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 Redondo Beach 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 Redondo Beach properties fall within conforming limits, maximizing your financing options.
For Redondo Beach'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 Redondo Beach. 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 Redondo Beach. 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 Redondo Beach. 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 Redondo Beach 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 Redondo Beach: Conventional (3% down), FHA (3.5% down), VA (0% for veterans), and our 6-Month Forgivable Grant Program covering your entire down payment. Many Redondo Beach buyers purchase with 3.5% or less down.
A denial doesn't mean you can't buy in Redondo Beach. 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 Redondo Beach 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 Redondo Beach 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 Redondo Beach properties fall within conforming limits, maximizing your financing options.
Our No Money Down program offers $0 down payment for qualified Redondo Beach 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 Redondo Beach 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 Redondo Beach families purchase with minimal upfront cash.
Absolutely—first-time buyers are our specialty in Redondo Beach. 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 Redondo Beach. 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 Redondo Beach'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 Redondo Beach is $1,250,000 for 2025. This covers many condos and townhomes in the area, but you'll need a jumbo loan for most single. family homes since the median price is around $1.6M. FHA loans require just 3.5% down with a credit score of 580 or higher.
You'll likely need a jumbo loan if you're buying a typical Redondo Beach home, since prices generally range from $1.25M to $2M and the conforming loan limit is $1,250,000. Properties priced at or below $1.25M can use high. balance conforming loans with better rates and terms. Most buyers in this premium coastal market end up using jumbo financing for single. family homes.
For 2026, Los Angeles County loan limits are $1,250,000 for conforming, FHA, and VA loans. These limits apply to Redondo Beach and all of LA County. Any loan amount above $1,250,000 is considered a jumbo loan with different qualification requirements.
Yes, VA loans are available in Redondo Beach with a loan limit of $1,250,000 and no down payment required for eligible veterans. This works well for condos and some townhomes, but most single. family homes exceed this limit. If you're buying above $1.25M, you can use a VA jumbo loan with a down payment on the amount over the limit.
Our No Money Down program offers $0 down payment for qualified buyers purchasing in Redondo Beach. CalHFA programs can provide down payment and closing cost assistance for first. time buyers, though income limits may restrict eligibility given the area's higher prices. LA County also offers DPA programs that work best for properties on the lower end of Redondo Beach's price range.
For Redondo Beach's typical $1.25M to $2M price range, most buyers put down 10% to 20% ($125K to $400K) to secure competitive jumbo loan rates. Conventional loans require just 3% down, but on a $1.6M median. priced home, that's still $48,000. If you're a veteran or qualify for our No Money Down program, you may be able to purchase with significantly less.
You'll typically need a credit score of at least 620 for conventional loans in Redondo Beach, though jumbo lenders often prefer 680 or higher for the best rates on premium properties. FHA loans accept scores as low as 580 with 3.5% down. Given the area's $1.25M to $2M price point, most lenders look for strong credit profiles in the 700+ range for optimal approval.
Choose a lender experienced with Redondo Beach's premium market and jumbo loan requirements, since most properties here exceed conforming limits. Look for competitive rates on high. balance and jumbo products, plus someone who understands the local market's quick pace and can close on time. The right lender will offer multiple loan options and help you navigate the complexities of financing a $1.25M to $2M coastal property.
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