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El Cajon Reverse Mortgages

Get a competitive offer on a reverse mortgage loan in El Cajon, California.

Meet Owen Coyle

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.

Owen Coyle Reverse Mortgages

Owen Coyle

Reverse Mortgage Specialist
NMLS #279015

 (760) 334-6155



Downtown El Cajon, CA
Downtown El Cajon, CA - Wikimedia Commons

El Cajon 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 El Cajon, Santee, La Mesa, and Lakeside.

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 El Cajon area.

2,683 people in or within 10 miles of El Cajon already have a reverse mortgage and are familiar with the benefits of the loan. In just the last 12 months 464 more homeowners took out a federally-insured reverse mortgage. 

In 2021, the median home value in El Cajon is approximately $725,670. Many homeowners in the area may choose to apply for a private jumbo reverse mortgage for properties above $1,149,825. Private reverse mortgages provide significantly more proceeds for eligible homeowners with higher-valued properties.

$1,149,825 is the current maximum lending limit for FHA-insured reverse mortgages in 2022. This means with a federally-insured reverse mortgage in greater El Cajon (and across the country) the first $1,149,825 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 El Cajon

Aerial view of El Cajon, California
Aerial view of El Cajon, California - Wikimedia Commons

El Cajon derives its name from the Spanish word for ‘box’ and thus the city’s nickname is ‘The Box’ for the box-shaped valley in which the city is situated. Early maps in 1873 and 1875 shortened the name of the town to Cajon until the establishment of a Post Office at which time the official name became El Cajon.

Settlement of the territory that would later become California was encouraged by the Spanish government with large land grants called ranchos. Many of these ranchos were established for the benefit of the Roman Catholic Church to construct missions in the area. Later under Mexican rule these land grants were made to individuals. After passing through several owners. The Land Act of 1851 paved the way for Thomas W. Sutherland filed a claim for the land on behalf of the heirs of Don Miguel Pedrorena. In 1868 a majority of the claim was purchased by Los Angeles developer Isaac Lankershim. Over the years the town’s population grew and by 1878 twenty five families were living in the area that would become El Cajon. By 2019 the town had an estimated population of 102,708 residents.

El Cajon has a significant number of residents who immigrated from Iraq, Somalia, Syria, and other eastern European countries.

Nearby attractions include the Water Conservation Garden & Butterfly Garden, the Parkway Plaza Mall, the Olaf Wieghorst Museum & Western Heritage Center, and the San Diego Air & Space Museum Gillespie Field Annex.

Contact your El Cajon, California and eastern 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.


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