Skip to main content

San Marcos Reverse Mortgages

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

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

Call Today: (760) 334-6155

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

San Marcos 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 communities of San Marcos, Santee, Ocean Hills, and Fallbrook.

Aerial view of San Marcos CA
Aerial view of San Marcos CA - Public Domain

How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the greater San Marcos area.

San Marcos Reverse Mortgage Facts
San Marcos Reverse Mortgage Facts

Today, the typical home in San Marcos costs approximately $746,536. Many homeowners in the area may choose to apply for a private jumbo reverse mortgage for properties above $822,375. Private reverse mortgages provide significantly more proceeds for eligible homeowners with higher-valued properties. 

$822,375 is the current maximum lending limit for FHA-insured reverse mortgages. This means with a federally-insured reverse mortgage in greater San Marcos (and across the nation) the first $822,375 of their home value is considered in the calculation of the potential maximum reverse mortgage loan benefit. 

In general, 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.

Official Seal of the City of San Marcos
Official Seal of the City of San Marcos

San Marcos History

Dutch and German immigrants moved into the area in the early 1880s, shortly after Major Merriam established a settlement. In 1883, John H. Barham founded a town center in what is present day San Marcos. The first town in the area was named Barham and by 1884, it had its own post office, blacksmith, and other mercantile stores. The San Marcos Land Company purchased most of the surrounding land once owned by the Couts family, later establishing San Marcos 1 mile north of Barham. By 1896, San Marcos was a full-fledged town. Barham’s population and growth began to fade due to the Sante Fe Railroad line being built 1-mile away. In 1903, San Marcos residents moved their homes near the rail line to avoid a fate similar to Barham. 

In 2020 the estimated population of San Marcos was 97,032.

Local attractions and activities include Double Peak Park, Discovery Lake, Jack's Pond Park & Nature Center, The Antique Village, and St. Mark Golf Club. 

Contact your San Marcos, California and greater San Diego County 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.