Assets already tell the story
Santa Monica Jumbo and Asset-Based Home Loans
Westside prices sit in jumbo. Condos, rent-controlled neighbors, and self-employed or entertainment income are normal. Paul qualifies on deposits or assets when the 1040 is the wrong page.
Los Angeles County is a high-cost jumbo market in 2026, with conforming loans capped at $1,249,125. Santa Monica condos on the Wilshire corridor and houses north of Montana still clear that number after a modest down payment. The loan type follows occupancy: owner-occupant jumbo, second home, or a true rental on DSCR.
Condo questionnaires, HOA litigation, and parking allocations delay Westside files more than people expect. Paul orders those documents as soon as the address is known. Income is the other delay. Producers, consultants, and business owners often look better on assets as income or bank statements than on last year’s return.
What to bring
- The building name and HOA management contact for condos
- Brokerage or business statements if you do not take a W-2
- Whether you will occupy, keep a second home, or rent the unit
Bring the address, the purchase or cash-out amount, and how the business takes in money. Paul will tell you on the first call which two programs are worth running. Nearby: Newport Coast and Laguna Beach.
Frequently asked questions
Can I qualify in Santa Monica using investment accounts?
Yes, when the program is assets as income. Jackie needs statements that show ownership and liquidity, not a screenshot of a peak balance. That path fits high-net-worth buyers whose tax returns are not the point.
Are Santa Monica condos harder than houses?
They add HOA review. Warrantable vs non-warrantable buildings change which jumbo investors Jackie can use. Send the HOA packet early rather than after you are in escrow.
I work in entertainment. Do you need residual reports?
Sometimes. Sometimes deposits or a P&L are cleaner. Describe how you are paid on the first call so Jackie does not order the wrong stack.
Other coastal markets Paul covers
Same statewide programs. Different property, different documentation. Pick the city that matches the house.
Talk it through with Paul
Get a straight answer about your scenario, usually in one conversation.
Paul Healey
Personal NMLS: 328365 Company: Spectrum One Mortgage Company NMLS: 332549