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San Diego Reverse Mortgages

Shop for the best deals for San Diego, California reverse mortgages.

Find the best deal on reverse mortgages in San Diego and San Diego County.

Call Today: (760) 334-6155

...or follow the steps below for your free evaluation and quote.

 

San Diego Reverse Mortgage Lenders

Reverse Mortgage West focuses on meeting the needs of homeowners’ retirement and lifestyle needs. One way we can help accomplish that mission is with a reverse mortgage. Our streamlined operations and unparalleled staff support help make the process of getting your reverse mortgage a smooth transition. Our staff brings a combined 40 years of experience in reverse mortgage lending. We serve the city of San Diego and the residents of San Diego County. 

How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in or near the city of San Diego within 10 miles of downtown.

San Diego, CA Reverse Mortgage Facts
San Diego, CA Reverse Mortgage Facts

In 2020 the median home value in San Diego was $849,192. Many homeowners in San Diego County may opt to apply for a private jumbo reverse mortgage instead of the federally-insured reverse mortgage which only considers the first $822,375 of the home’s appraised value. However, a private reverse mortgage includes several million dollars of the appraised value (limits vary by the lending institution), providing significantly more access to your home’s value.

Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers based on the home’s appraised value, the age of the youngest borrower, or named non-borrowing spouse, and the current/starting effective interest rate.

Balboa Park. San Diego, California
Balboa Park. San Diego, California

 

About San Diego

San Diego sits just north of the international border with Mexico, and as of 2020 had a population of 1,386,932 making it the state’s second-largest city. San Diego is named for the Spanish monk San Diego de Alcalá de Henares in the year 1602. 

San Diego was designated as the county seat for the newly-created San Diego county in 1850; the same year California officially gained statehood. Twice in the early 1900s, the city hosted the World’s Fair expositions in the historic Balboa Park. Having one of the world’s ideal deepwater harbours, in 1930 San Diego began to host several military installations including Camp Kearny, Naval Base San Diego, the Naval Training Center, Camp Matthews, and the San Diego Naval Hospital. 

San Diego is the nation’s eighth-largest city and earned the auspicious title of “America’s Finest City”. A fitting tribute to a city with a climate that’s the envy of the world and breathtaking scenery along the Pacific coast.

Local attractions include Sea World, Balboa Park, San Diego Zoo Safari Park, Hotel del Coronado, the GasLamp District, USS Midway Museum, and the San Diego Air & Space Museum. 

San Diego waterfront. San Diego California - Pixabay
San Diego waterfront. San Diego California - Pixabay

Contact your San Diego community and San Diego California reverse mortgage lender today.

Owen Coyle and his team at Reverse Mortgage West are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.

Call Owen today at (760) 334-6155 to learn more or complete the steps here to get your free quote.