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La Jolla Reverse Mortgages

Are you curious how a reverse mortgage in La Jolla, California could benefit you in retirement?

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



La Jolla Reverse Mortgage Lenders

Seals sunbathing- La Jolla CA
Seals sunbathing- La Jolla, CA - Pixabay

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 La Jolla, and Pacific Beach. 

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 La Jolla area.

2,055 people in or within 10 miles of La Jolla already have a reverse mortgage and are familiar with the benefits of the loan. In just the last 12 months 271 more homeowners took out a federally-insured reverse mortgage. 

In 2021, the typical home in La Jolla costs approximately $2.3M. 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 La Jolla (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.

Shoreline of La Jolla, California
Shoreline of La Jolla, California - Shannon Hicks

About La Jolla, California

La Jolla is a picturesque seaside neighborhood inside the boundaries of the city of San Diego, 12 miles north of downtown. The Etymology of ‘La Jolla’ has long been disputed. The general consensus is that the name is a Spanish transcription of  the native Kumeyaay people’s word for ‘land of holes’- likely named for the numerous sea-level caves in the area. An Estimated 40,000 residents call La Jolla home. 

In 1850, the year that California became a state, La Jolla was incorporated into the city of San Diego. Its expansion began in the 1890’s with the construction of the San Diego, Pacific Beach, and La Jolla railways. The area quickly became a resort destination for city residents who took a short train ride to enjoy local amenities such as a bathhouse and dance pavilion. 

Ellen Browning Scripps is perhaps the most famous resident of Jolla. Scripps moved to the community in 1896 where she lived for 35 years until her death. As a community member she commissioned several of La Jolla’s most notable and historic buildings and supported several philanthropic causes.

This small seaside enclave is home to several well known organizations and businesses including the Salk Institute, Scripps Research Institute, National University, and most notably the University of California, San Diego.

La Jolla attractions include the Sunny Jim Sea Cave, the Mount Soledad cross, Birch Aquarium at Scripps, and the Torrey Pines State Natural Reserve.

Contact your La Jolla, 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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