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Spring Valley Reverse Mortgages

Are you curious how a reverse mortgage in Spring Valley, 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



The Bancroft House- Spring Valley CA
The Bancroft House- Spring Valley CA - Wikimedia Commons

Spring Valley 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 Spring Valley, Casa de Oro, Dictionary Hill, Mount Helix, and Bancroft.

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 Spring Valley area.

3,870 people in or within 10 miles of Spring Valley already have a reverse mortgage and are familiar with the benefits of the loan. In just the last 12 months 614 more homeowners took out a federally-insured reverse mortgage. 

Spring Valley Reverse Mortgage Facts

In 2021, the typical home in Spring Valley costs approximately $686,645. 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 Spring Valley (and across the nation) 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.

Casa de Oro Spring Valley, CA
Casa de Oro Spring Valley, CA - Wikimedia Commons

About Spring Valley, California

Spring Valley is San Diego County’s largest unincorporated area, named for the natural spring located there. The native Kumeyaay people preceded Spanish settlers who used the area to raise cattle. According to the most recent census, 30,439 residents live inside the boundaries of Spring Valley.

In 1863, the first building built in the area by a white settler was constructed by Judge Augustus S. Ensworth. The two-room adobe house was constructed in part from reclaimed lumber from the ship Clarissa Andrews, which was shipwrecked in San Diego Harbor. The adobe house (Bancroft House) is now a National Historic Landmark.

In 1865, Hubert Bancroft purchased the property, which he later turned into one of California’s largest olive groves, named Helix Farms.

Today Spring Valley is becoming known as the hub for distillers of fine spirits, some making award-winning bourbon whiskey. Local distilleries include Kill Devil Spirits, Liberty Call, Mike Curphy, and San Diego Distillery.

Contact your Spring Valley, 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.


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