Why Florence Homeowners Choose Reverse Mortgages
Florence is part of Los Angeles County in the South Los Angeles area. With a median home value of approximately $620,000 and a senior population of over 6,000+, the city has a strong market of homeowners who may benefit from accessing their home equity.
Florence runs along Florence Avenue at the heart of South Los Angeles, a dense grid of small stucco bungalows and duplexes that working families have owned for generations. Many longtime owners finished paying off their homes years ago and now live on a fixed income, with the equity in those homes their single biggest asset. A reverse mortgage can help these seniors cover repairs, keep up with rising property taxes, or ease everyday costs while staying in the neighborhood they have always called home.
- Florence is a historic, densely settled neighborhood at the center of South Los Angeles
- Longtime, predominantly Latino families have built lasting equity in their homes here
- A reverse mortgage helps Florence seniors retire payment-free and keep the family home
