Coronado Island lists three mortgage lending professionals in 92118, led by Kory Kavanewsky at CMG Financial at 1033 B Ave — a Coronado native handling purchase loans, refinances, and VA mortgages for island buyers. Browse all three below, or compare with bank lending and financial advisory services on the island.
1033 B Ave Suite 105, Coronado, CA 92118
+1 619-554-1327
Verified1033 B Ave Suite 105, Coronado, CA 92118
+1 619-554-1327
Verified1033 B Ave #105, Coronado, CA 92118
+1 619-200-8031
VerifiedCoronado lists three mortgage lending professionals in 92118, led by Kory Kavanewsky at CMG Financial at 1033 B Ave, Suite 105. A Coronado native who grew up on the island and entered the mortgage industry in 2002, Kavanewsky handles purchase loans, refinances, and VA mortgages for island buyers at every price point — from first-time purchasers to repeat investors in the Coronado Cays and Shores.
CMG Mortgage and Jason Gordon at CMG Home Loans round out the on-island lending options, both operating under the CMG Financial umbrella. All three are licensed for California residential lending and specialize in the purchase and refinance transactions that dominate Coronado's housing market.
The three mortgage professionals listed in 92118 all operate through CMG Financial, which opened its Coronado office in 2006. The office sits at 1033 B Ave in the same building as H&R Block's tax preparation office one suite below — a coincidence that occasionally benefits buyers who need both a mortgage and a tax consultation during the same purchase process.
For borrowers who want to compare lenders beyond the CMG team, bank branches on the island including Chase, Wells Fargo, and Navy Federal Credit Union process mortgage applications through their retail lending divisions. Larger mortgage brokerages with multiple lender relationships operate from Point Loma and Downtown San Diego, both accessible via bridge or ferry.
Mortgage rates fluctuate daily based on Federal Reserve policy, bond market conditions, and individual borrower profiles. A rate quoted today may differ from a rate quoted next week. Rather than publishing a specific number that becomes stale immediately, the practical approach for Coronado buyers is to request rate quotes from multiple lenders on the same day and compare the annual percentage rate, which includes both the interest rate and lender fees.
Factors that affect the rate a borrower receives include credit score, down payment percentage, loan type (conventional, FHA, VA, jumbo), property type (single-family, condo, multi-unit), and whether the property will be owner-occupied or an investment. VA loans — widely used by military families purchasing on Coronado Island — typically offer rates slightly below conventional loans and require no down payment for eligible borrowers. The mortgage lending listing shows all three on-island lenders with contact details for direct rate quotes.
Lenders evaluate mortgage qualification primarily through the debt-to-income ratio — total monthly debt payments divided by gross monthly income. Most conventional lenders cap DTI at 43 to 45 percent, meaning a borrower earning $10,000 per month can carry up to roughly $4,300 in total monthly debt including the proposed mortgage payment, property taxes, insurance, and existing obligations like car loans or student debt.
Coronado's housing market adds a practical wrinkle: median home prices on the island run well above San Diego County averages, which means the income threshold for a Coronado purchase is correspondingly higher. Jumbo loans — those exceeding the conforming loan limit — apply to many island transactions and carry slightly different qualification standards than conventional loans. Consulting with a local lender like Kory Kavanewsky who handles Coronado transactions daily gives buyers a realistic qualification picture specific to island price points.
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