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:
City |
Median Price (2024) |
Avg. Bedroom / Bathroom |
Santa Monica |
$330,000 |
50 |
Manhattan Beach |
$330,000 |
50 |
Newport Beach |
$330,000 |
50 |
San Francisco |
$305,000 |
71 |
San Diego |
$400,000 |
50 |
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.