Why Los Angeles Homeowners Choose Reverse Mortgages
Los Angeles is part of Los Angeles County in the Greater Los Angeles area. With a median home value of approximately $950,000 and a senior population of over 400,000+, the city has a strong market of homeowners who may benefit from accessing their home equity.
Los Angeles is really a patchwork of distinct neighborhoods, from the hillside bungalows of Highland Park and Eagle Rock to the postwar tracts of Mar Vista, Westchester, and Leimert Park, and many seniors here have watched their homes appreciate enormously since they first bought in. For homeowners on a fixed income, a reverse mortgage can turn decades of that appreciation into a tax-free supplement to Social Security or a line of credit to draw on as needs come up. Because LA's bilingual, multigenerational households are so varied, our advisors walk each family through the FHA-insured HECM option and, for higher-value properties above the federal limit, a private (jumbo) reverse mortgage.
- LA homeowners have some of the highest equity in the nation due to decades of appreciation
- Many longtime LA residents have owned their homes since the 1980s or earlier
- LA's diverse senior community can access Reverse Mortgage Plus advisors who speak multiple languages
Neighborhoods we serve in Los Angeles:
Highland ParkEagle RockMar VistaWestchesterSilver LakeLeimert Park
