What is the minimum age for a reverse mortgage in San Diego, California?

To qualify for a reverse mortgage in San Diego, you must be at least 62 years old. The home must be your primary residence, you must have significant equity, and you must keep up with property taxes, homeowner's insurance, and maintenance. For jumbo reverse mortgages, some programs allow qualifying starting at age 55.

How much can I borrow with a reverse mortgage in San Diego?

In San Diego, where home values often reach $850K+, the 2026 HECM lending limit is $1,209,750. For higher-value homes, jumbo reverse mortgages can access up to $4–$6M of equity. The exact amount depends on your age, home value, and current interest rates. Older borrowers with more equity receive higher loan proceeds.

Can I get a reverse mortgage if I still have a mortgage in San Diego?

Yes. A reverse mortgage in San Diego can pay off your existing mortgage as part of the loan proceeds. This eliminates your monthly mortgage payment entirely — a major benefit for retirees on fixed income. You must have sufficient equity to cover the payoff and still qualify for the reverse mortgage program.

What are the upfront costs of a reverse mortgage in San Diego?

HECM reverse mortgage costs in San Diego typically include an FHA upfront MIP (2% of home value, up to $1,209,750), origination fees (capped at $6,000), a $125 HUD-approved counseling session, appraisal ($500–$800), and standard closing costs. Most costs are financed into the loan — no out-of-pocket payment required. Jumbo reverse mortgages have no FHA MIP and may offer lower overall costs for high-value San Diego homes.

How do I choose a reverse mortgage lender in San Diego, California?

Look for a lender licensed in California (CA DRE and NMLS) with access to both HECM and jumbo reverse mortgage programs. DiVita Home Finance (NMLS #323700, CA DRE #01818285) shops 40+ lenders to find the best rates and terms for San Diego homeowners. Always compare multiple lenders and complete the required HUD counseling before signing.

Reverse Mortgage San Diego | HECM & Jumbo Reverse

Reverse Mortgage for San Diego Homeowners

If you’re 62 or older and own a home in San Diego, a reverse mortgage could be one of the most powerful retirement tools available to you. DiVita Home Finance helps San Diego seniors access their home equity through HECM and jumbo reverse mortgage programs — with no monthly mortgage payments required and no obligation to sell.

San Diego Home Values & Reverse Mortgage Opportunity

The median home value in San Diego is approximately $900,000. San Diego’s coastal appreciation has created significant equity for long-term homeowners. Many San Diego seniors have homes worth $1M–$2.5M purchased in the 1980s and 90s for a fraction of today’s value — making a reverse mortgage an exceptional retirement planning tool.

Reverse Mortgage Options for San Diego

HECM Reverse Mortgage — FHA-insured, for homes up to $1,209,750 in value. Lowest cost structure and maximum consumer protections.
Jumbo Reverse Mortgage — Private programs for high-value homes. Allows significantly more proceeds for San Diego properties above the HECM cap.
HECM for Purchase — Buy a new home in San Diego or elsewhere in California without monthly mortgage payments.

Who Qualifies in San Diego?

Homeowner age 62 or older (some jumbo programs start at 55)
Primary residence in San Diego or surrounding areas including La Jolla, Del Mar, Coronado, Pacific Beach, Chula Vista, Escondido, and Rancho Bernardo
Sufficient equity — typically 50%+ of home value
Current on property taxes and homeowner’s insurance

How Much Can San Diego Homeowners Receive?

Your available proceeds depend on your age, current interest rates, and your home’s value. Older borrowers and higher home values yield more proceeds. Call us for a no-obligation calculation specific to your San Diego property and situation.

Why DiVita Home Finance for Your San Diego Reverse Mortgage?

Wholesale access: We work with 40+ lenders — not just one program
HECM and jumbo expertise: We compare both to find what’s best for your home value
California specialists since 2007: We understand high-value California real estate
No pressure, no obligation: We educate first, then let you decide

Reverse Mortgage FAQ — San Diego

Do I still own my home?

Yes. You retain title throughout the life of the loan.

What if my home is worth more than the HECM limit?

A jumbo reverse mortgage lets you access equity above the $1,209,750 HECM cap — important for many San Diego homeowners.

Can I use a reverse mortgage to buy a new home?

Yes — the HECM for Purchase lets seniors buy a new home with no monthly mortgage payments.

Free Reverse Mortgage Consultation — San Diego

We’ll calculate your estimated proceeds and compare HECM vs. jumbo options at no charge.

📞 800-239-1103 Get My Estimate

DiVita Home Finance | NMLS #323700 | CA DRE #01818285

About DiVita Home Finance

DiVita Home Finance is a small, family-owned mortgage company based in Marin County, California. When you call, you speak directly with Michael DiVita — the owner — not a call center, not an out-of-state rep, not someone reading from a script. We’re here for a low-key, no-obligation conversation about your situation.

We take your privacy seriously. We will never sell your information to third-party lenders or lead generation companies — unlike many of the large mortgage platforms. Your inquiry stays with us, period.

📞 Call: (800) 239-1103 | 💬 Text Michael directly: (310) 849-9124

Reverse Mortgage San Diego | HECM & Jumbo Reverse | DiVita