Why San Marino Homeowners Choose Reverse Mortgages
San Marino is part of Los Angeles County in the San Gabriel Valley area. With a median home value of approximately $2,400,000 and a senior population of over 3,000+, the city has a strong market of homeowners who may benefit from accessing their home equity.
Along Huntington Drive and the quiet streets near the Huntington Library and Lacy Park, San Marino's grand 1920s and '30s estates have been held by the same families for generations. Because so many of these properties sit well above the FHA HECM limit, longtime owners here often explore a proprietary jumbo reverse mortgage to convert a large share of their built-up wealth into liquidity — funding healthcare, gifts to grandchildren, or simply more comfort — while staying in the home they love. Miguel walks each homeowner through both options carefully, so the numbers and the trade-offs are clear before any decision is made.
- San Marino is among the most affluent cities in California, with stately, high-value estates
- Many San Marino residents have owned their homes for decades and hold multimillion-dollar equity
- High-value San Marino homes typically qualify for a proprietary jumbo reverse mortgage above the FHA limit
