California Condo Loans: Options for Financing Luxury Condos

California’s condo market offers high-value properties that often need tailored financing solutions. Condo loans are crafted to help buyers obtain homes in high-cost areas where prices may exceed typical mortgage limits.

8 story condo building Los Angeles

Finance High-End Condos with Ocean Views

California’s desirable coastal cities offer luxury condos with stunning views of the Pacific Ocean. Some examples of condos financed include:
A San Mateo based software engineer purchasing a $3.5M condo: 80% loan of $2.8M with a 20% down payment of $700,000.
A business owner in Newport Beach buying a $4M beachfront condo: 80% loan of $3.2M with a $800,000 down payment.

Condo mortgages are popular in these California Cities and areas

Los Angeles: Financing options in Marina Del Rey, Santa Monica, and Hollywood Hills
San Francisco: Condo lending on exquisitely designed buildings in Pacific Heights, SOMA and Noe Valley
San Diego: Oceanfront condo loans for properties in La Jolla and Carlsbad
Orange County: Loans tailored for high-cost condominiums in Irvine, Laguna Beach, and Newport Coast

 

California Condo Market Overview

California’s condo market is highly competitive, with buyers often prepared to meet stringent lender requirements. Here’s a snapshot of recent trends:

Success Stories of California Condo Borrowers

Here’s how California borrowers used condo loans to achieve their goals:

A software developer in San Jose used stock options to qualify for a condo loan with a 15% down payment, buying a condo in Cupertino.
A La Jolla surgeon secured a loan for a beachfront condo qualifying with a mix of W-2 and self-employed income.


Disclosure: Minimum loan amount is $200,000 for residential loans. Loan programs are subject to change per lender at any time until the loan is approved and the rate is locked. Borrowers must be approved by underwriting. Not all applicants will qualify.