Montara, California
Mortgage Loans in Montara, California
New Avenue Realty & Loans helps Montara homebuyers and homeowners across California close on the loan their bank said no to.
2,917
Population
$1,400,400
Median home value
$184,692
Median household income
Based on US Census ACS 2022 5-year estimates.
With a median home value around $1,400,400 in Montara — based on the most recent ACS estimates — even a 5% conventional down payment is a meaningful figure, and we structure loans accordingly. New Avenue Realty & Loans is a California mortgage broker that has closed over 3,000 loans, averaging 17 days from application to close. Whether you're buying your first Montara home, refinancing, or pulling cash out, we shop dozens of lenders so the loan actually fits the price point.
Median household income in Montara sits near $184,692 according to recent ACS estimates, which means debt-to-income calculations matter — and so does picking the right loan program. With roughly 2,917 residents, the city's borrowers range from W-2 earners to business owners with variable income. We structure loans against that real income picture rather than a generic California average, so the DTI math holds up when the file actually goes to underwriting.
What Montara clients tend to remember about working with us is the speed and the straight talk. We average 17 days to close, we hold a 4.9 Google rating, and we tell you upfront if a deal is a stretch instead of stringing you along. With 80+ loan programs on tap, we usually have an angle even when other lenders have already passed. That's why Montara buyers and homeowners refer their friends back to us.
Loan programs
Mortgage options for Montara
We match Montara buyers and homeowners with the right program — not the other way around.
Conventional Loans
Solid credit, straightforward path.
FHA Loans
First home? Lower barrier to entry.
VOE Loans
Qualify with just your employment letter.
P&L Loans
Your profit and loss statement is your paycheck.
Non-QM Loans
Bank statements, DSCR, asset depletion — flexible approval.
No commitment. No hard credit pull.
Common questions
Montara mortgage FAQs
What credit score do I need for a mortgage in Montara?
It varies by program. FHA loans for Montara buyers can work with lower scores, conventional usually prefers mid-600s and up, and our non-QM programs reach further down in exchange for different terms. We pull credit once and match the score to the strongest available program.
Do you help first-time homebuyers in Montara?
Yes. First-time buyers are a big part of who we work with in Montara. We walk through pre-approval, explain how down payment and closing costs actually work in California, and lay out FHA, 3%-down conventional, and other low-down-payment options at no charge.
Can I refinance my Montara home with New Avenue?
Yes. We handle rate-and-term, cash-out, and debt-consolidation refinances for Montara homeowners. Whether you want to lower your payment, pull equity for renovations, or move out of FHA into conventional, we run the math. If a refi doesn't save you money, we'll say so.
What does the typical home in Montara cost?
As of the most recent ACS estimates, the median home value in Montara is approximately $1,400,400. Loan size is one of many factors that shapes which program fits — down payment, occupancy, credit profile, and income documentation all move the recommendation. We run the scenario against your actual numbers rather than the city average.
Do you offer mortgage loans in Montara?
Yes. New Avenue Realty & Loans is a licensed California mortgage broker, and Montara is part of our service area. We finance purchases, refinances, cash-out, and investment-property loans. Call (323) 694-5476 and we can usually outline a program the same day.
Get started
Let’s talk about Montara
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One call can change everything
Whether you were denied by another lender or just getting started in Montara, we are here to help you move forward.