About Santa Monica Real Estate
Santa Monica is a dynamic Los Angeles County community in sunny Southern California, offering lifestyle, beaches, and year-round sunshine. The city's diverse economy spanning entertainment, technology, healthcare, and tourism supports a robust housing market serving diverse homebuyers and investors.
Santa Monica Housing Market Overview
Santa Monica represents one of California's premier luxury real estate markets, with a median home price of approximately $1,800,000. Properties range from custom estates and architectural homes to high-end condominiums and townhomes. The limited inventory in this prestigious market means well-priced homes often receive multiple offers. Buyers should expect competition, particularly for properties with desirable views, lot sizes, or recent renovations.
Mortgage Lending in Santa Monica
With a median home price of $1,800,000, many Santa Monica homebuyers need financing that accounts for Los Angeles County's high-cost conforming limit of $1,209,750. Properties above this threshold require jumbo loans, which Save Financial specializes in. For homes within the conforming limit, conventional loans with as little as 3–5% down are available. FHA loans serve first-time buyers, and VA loans provide zero-down financing for eligible veterans and active military.
Self-Employed Mortgages in Santa Monica
Self-employed borrowers in Santa Monica benefit from specialized mortgage programs that look beyond traditional tax returns. Bank statement loans use 12–24 months of deposits to establish income. Profit-and-loss (P&L) programs require just a CPA-prepared statement. Asset-depletion programs help high-net-worth individuals qualify using liquid assets. Save Financial's expertise in Southern California self-employed lending means Santa Monica business owners, freelancers, and independent professionals have a clear path to homeownership.
Investment Property Loans in Santa Monica
Santa Monica investment properties command premium rents driven by the area's desirability and affluent tenant pool. DSCR loans and portfolio lending programs accommodate sophisticated investors looking to capitalize on this high-demand market. While entry costs are significant, the area's strong rental demand and appreciation history reward well-positioned investors.
Available Loan Programs in Santa Monica
Save Financial offers the following mortgage programs for Santa Monica homebuyers and homeowners:
Traditional financing backed by Fannie Mae/Freddie Mac. Lowe...
Government-insured with low down payments and flexible credi...
Zero down payment for eligible veterans, active duty, and su...
Financing above California's $1,209,750 conforming limit for...
Replace your mortgage to lower your rate, change your term, ...
Investment property loans qualified by rental income — no pe...
Comprehensive mortgage solutions for business owners, freela...
Why Save Financial for Santa Monica Mortgages?
Save Financial, Inc. is a trusted California mortgage brokerage (NMLS #377740, DRE #01875766) with offices in Newport Beach and Marina del Rey. We have 45 years of combined experience and work with 20+ wholesale lenders to deliver competitive rates across 35 loan programs — including conventional, FHA, VA, jumbo, hard money, bank statement, DSCR, and no-income options. Our $500 price guarantee means if we can't beat another lender's written offer for your Santa Monica mortgage, you receive $500.
We serve Santa Monica borrowers 7 days a week, 9AM–8PM. Our team speaks English and Spanish.