Why Lakewood Homeowners Choose Reverse Mortgages
Lakewood is part of Los Angeles County in the Southeast Los Angeles / South Bay area. With a median home value of approximately $720,000 and a senior population of over 22,000+, the city has a strong market of homeowners who may benefit from accessing their home equity.
Built around the rhythm of the 1950s tract neighborhoods near the Lakewood Center mall, this is a city of tidy postwar homes that many original buyers — and their children — never let go of. In areas like Lakewood Village and Carson Park, you'll still find seniors who bought when the developments were brand new and have long since burned the mortgage. Tapping that equity through a reverse mortgage lets them cover rising property taxes, medical needs, or simply enjoy retirement in the neighborhood where they raised their kids, all while staying right where they are.
- Lakewood is one of the nation's first planned communities and has maintained strong homeownership rates for 70+ years
- Many Lakewood seniors are original or second-generation residents who have built enormous equity
- The city's well-maintained housing stock consistently passes FHA appraisal standards
