Why Florence-Graham Homeowners Choose Reverse Mortgages
Florence-Graham is part of Los Angeles County in the South Los Angeles area. With a median home value of approximately $600,000 and a senior population of over 8,000+, the city has a strong market of homeowners who may benefit from accessing their home equity.
Along Florence and Graham avenues, between the Alameda corridor and South Central, this is a neighborhood of compact stucco and clapboard houses that working families have held onto through good times and hard ones. Owners who paid off their homes years ago often live on a fixed income, and the equity in those homes is by far their largest resource. A reverse mortgage can help these seniors handle overdue repairs, keep up with property taxes, or ease day-to-day costs while remaining in the home they worked so hard to keep.
- Florence-Graham is a large, historic unincorporated community in South Los Angeles
- Longtime, predominantly Latino families have built lasting equity in their homes here
- A reverse mortgage helps Florence-Graham seniors retire payment-free and keep the family home
