Looking for the best reverse mortgage deals in Valley Center, California? You're in the right place.
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.
Reverse Mortgage Specialist
Valley Center Reverse Mortgage Lenders
Many homeowners have found themselves struggling to stretch their resources during retirement. Reverse Mortgage West focuses on meeting the needs of seniors 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 cities of Valley Center, Rincon, Pauma Valley, Daley Ranch, and Pala.
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 Valley Center area.
There are already 1,898 people in or within 10 miles of Valley Center who have a reverse mortgage today. In just the last 12 months 331 homeowners got a federally-insured reverse mortgage loan.
Valley Center, CA Reverse Mortgage Facts
In 2021, the median home value in Valley Center is approximately $837,527. The current maximum lending limit for FHA-insured reverse mortgages in 2022 is $1,149,825, which means nearly all homes in the greater Valley Center* 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 $1,149,825 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.
Valley Center is an unincorporated town and a census-designated place (CDP) in northern San Diego County with 10,087 residents as of 2020. Valley Center’s claim to fame was the 1866 capture of the largest California Grizzly Bear in history. The bear weighed in at a stunning 2,200 pounds. That incident led to the settlement’s original name- Bear Valley until 1878 when its final name was chosen.
About Valley Center, California
Valley Center sits along Rancho Guejito, which is California’s only surviving Mexican Rancho with its original boundaries intact. Founded in 1845, Rancho Guejito was established when California was part of Mexico. Decades later it was President Abraham Lincoln’s signing of the 1862 Homestead Act which attracted settlers who could establish a claim of 160 acres for a modest filing fee.
Nearby attractions include Palomar Observatory, SoCal Mini Pigs petting zoo, Hill Top Winery, and Hellhole Canyon County Preserve.
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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