Why Pasadena Homeowners Choose Reverse Mortgages
Pasadena is part of Los Angeles County in the San Gabriel Valley area. With a median home value of approximately $1,100,000 and a senior population of over 24,000+, the city has a strong market of homeowners who may benefit from accessing their home equity.
Pasadena is known for its architecture — the Craftsman bungalows of Bungalow Heaven, the grand homes of Madison Heights and San Rafael, and the mid-century neighborhoods up in Hastings Ranch — and many of those houses have been in the same family since long before values climbed past the seven-figure mark. Owners who poured years into restoring a historic home often find that the home itself is their largest asset, and a reverse mortgage can free up that equity to cover restoration work, in-home care, or a more comfortable retirement without selling. For homes above the FHA limit, our advisors compare the HUD-counseled HECM with a private (jumbo) reverse mortgage so each owner can see which fits.
- Pasadena's historic homes have appreciated dramatically, creating substantial equity for longtime owners
- The city's affluent demographics make it a strong market for both HECM and proprietary jumbo reverse mortgages
- Many Pasadena seniors use reverse mortgages to fund home improvements and aging-in-place modifications
Neighborhoods we serve in Pasadena:
Bungalow HeavenMadison HeightsHastings RanchSan RafaelLinda Vista
