Find the best reverse mortgage deals in Vista, California. Owen Coyle is here to help.
I’m Owen Coyle, an 87 year young “Seasoned Citizen” living in Escondido California. As of April 1, 2023 I’ll be starting my 23rd year as a Reverse Mortgage Specialist. I have no desire to retire, so as long as my health remains good, I’m planning on helping senior homeowners obtain Reverse Mortgages at least until I’m 90, and hopefully a few years beyond. I absolutely have a passion for working with senior homeowners, improving their “Quality of Life” and giving them “Peace of Mind” by setting up Reverse Mortgages for them.
Reverse Mortgage Specialist
Vista 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 Vista, Ocean Hills, Ivey Rancho del Oro, and Bonsall.
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 Vista area.
2,953 people in or within 10 miles of Vista already have a reverse mortgage and are familiar with the benefits of the loan. In just the last 12 months 511 more homeowners took out a federally-insured reverse mortgage.
Vista Reverse Mortgage Facts
In 2021, the typical home in Vista costs approximately $756,765. Many homeowners in the area may choose to apply for a private jumbo reverse mortgage for properties above $970,800. Private reverse mortgages provide significantly more proceeds for eligible homeowners with higher-valued properties.
$970,800 is the current maximum lending limit for FHA-insured reverse mortgages in 2022. This means with a federally-insured reverse mortgage in greater Vista (and across the nation) the first $970,800 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.
About Vista, California
Vista’s origins are found in the lands of Rancho Buena Vista and Rancho Guajome which in 1882 became Vista California with the establishment of a post office.
The 1830s brought California the rancho era which quickly ebbed as settlers moved into the newly-created state in 1850. The area’s first post office opened in 1882 at the behest of John Frazier who sought to name the town Frazier’s Crossing and Buena Vista. Since both names were taken Frazier decided upon the name Vista.
In 1886, Frenchman Bernard and Jules Jaques Delpy planted hundreds of acres of grapes, which became the nation’s first successful winery. Unfortunately, the winery was shut down due to Prohibition.
The city struggled to grow until the 1920s, when the Vista Irrigation District was created. Water was drawn from Lake Henshaw and new businesses and building downtown soon followed. . Agriculture began to flourish with crops such as tomatoes, celery, and citrus fruits. Thanks to its climate and irrigation, by 1948, Vista was known as the "avocado capital of the world".
The in post-war years, following World War II, housing began to replace agriculture. Vista was incorporated on January 28, 1963. Today, Vista’s business park is home to over 800 companies, one of the largest in the nation. In 2019, Vista had a population of 100,686.
Local activities and attractions in Vista include the Moonlight Amphitheatre, Alta Vista Botanical Gardens, Rancho Guajome Adobe, and The Wave Waterpark.
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.
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