Why San Diego Homeowners Choose Reverse Mortgages
San Diego is part of San Diego County in the Greater San Diego area. With a median home value of approximately $950,000 and a senior population of over 200,000+, the city has a strong market of homeowners who may benefit from accessing their home equity.
Across La Jolla, Point Loma, North Park, and the canyon-lined streets of Clairemont, San Diego's senior homeowners include many military retirees who bought decades ago and have built substantial equity. With the region's gentle climate making it easy to stay put, residents often use a reverse mortgage to supplement retirement income, fund in-home care, or preserve the low Prop 13 tax base they've enjoyed for years. For higher-value coastal homes above the FHA HECM limit, a proprietary jumbo reverse mortgage can be the better fit.
- San Diego is one of California's top reverse mortgage markets due to high home values and a large senior population
- Military retirees represent a significant portion of San Diego's senior homeowner community
- San Diego's ideal climate makes aging in place especially attractive
