Shop the best deals for Westwood, San Diego, California reverse mortgages.
Find the best deal on reverse mortgages in Westwood and San Diego County.
Westwood Rancho Bernardo 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 neighborhood of Westwood in Rancho Bernardo.
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 neighborhood of Westwood in San Diego County.
Today, the median home value in Westwood is $745,000. The current maximum lending limit for FHA-insured reverse mortgages is $822,375 which means nearly all homes in the greater Rancho Bernardo* area would see most if not all of their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. Homes above $822,375 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.
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.
Westwood is a neighborhood that is part of the planned community of Rancho Bernardo. It is situated north of Torrey Highlands and the west side of Interstate 15. In 1943 George R. Daley purchased 6,000 acres which he named Daley Ranch. Located near the picturesque Lake Hodges which provides water to the city of San Diego. For decades the Daley Ranch grew oat hay and barley raising horses and mules, and later cattle.
In 1961 the Daley brothers, Lawrence and Donald partnered with developers Harry Summers and W.R. “Fritz” Hawn to create Rancho Bernardo Inc to develop 5,400 acres into a master-planned community. One year later, Rancho Bernardo was incorporated into the City of San Diego. The community of Westwood opened in 1968 with Rancho Bernardo’s first school Westwood Elementary opening in 1971.
Contact your Westwood community and Rancho Bernardo, 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.
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