In 2024, there were 6635 active reverse mortgage loans in San Diego County, California. The average home value in San Diego County is $1,041,731.38.

Click here to get a reverse Mortgage Quote in San Diego County, California

To avoid scams, make sure you are working with a licensed lender in California. South River Mortgage is a fully licensed lender in California. The CA state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the California Financing Law License in CA, and our state license identifier is 60DBO-103862.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in San Diego County

San Diego County is located in the state of California and is known for its stunning beaches, vibrant cultural scene, and year-round pleasant climate. With a population of over 3 million residents, the county offers a diverse range of activities and amenities for its community members to enjoy, from outdoor adventures to world-class dining and entertainment options. Home to the famous San Diego Zoo, Balboa Park, and numerous craft breweries, San Diego County is a popular destination for visitors and a desirable place to live for its residents. Historically, San Diego County has played a significant role as a military hub, with several military bases located in the area. The county also has a rich history dating back to its Native American roots and Spanish colonial influence. In terms of property data, the average home value in San Diego County is $1,041,731.376, with an average property tax of $4,315.611451 and an average interest rate of 0.04007323667. For seniors looking to tap into their home equity, considering a reverse mortgage can be a viable option in San Diego County, where property values are relatively high and interest rates are favorable for such financial products. Reverse mortgages can provide older homeowners with additional financial flexibility and help them access their home’s equity for retirement purposes.

Reverse Mortgage Loan Origination in San Diego County

Reverse Mortgage Home Values in San Diego County

Reverse Mortgage Interest Rates San Diego County

There are approximately 6635 active reverse mortgage loans in San Diego County. The average interest rate in San Diego County is 7.75% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in San Diego County was $1,055,805.20 in 2024.

Click here to get a Reverse Mortgage Quote in San Diego County, California »

Note that our loan origination data will not exactly match FHA’s HECM portfolio snapshot. This discrepancy occurs because FHA’s reports are limited to loans endorsed by FHA (i.e. HECMs only). We use a series of custom data criteria that make it possible to identify all reverse mortgages: HECMs, proprietary, and even single-purpose reverse mortgages.

Jumbo Reverse Mortgage in San Diego County, CA

With the average home value of $1,055,805.20, you may be wondering about the opportunities for jumbo loans.

The FHA has increased the HECM lending limit to $1,209,750 for 2025. If your property is valued above the HECM lending limit, you may be eligible for additional proceeds through the HomeForLife jumbo reverse mortgage.

Reverse Mortgage Refinance (HECM to HECM) in San Diego County

It might make sense to refinance your reverse mortgage. There are many situations where refinancing could be very beneficial to you:

• You want to get more cash out because your home value has increased substantially
• You want to pay less in interest by obtaining a lower interest rate
• You want to add a loved one to the reverse mortgage

As a bonus, South River Mortgage can sometimes provide multiple benefits at once, depending on the situation. There have been cases where we can help secure a lower interest rate and additional cash. In some cases, we have been able to do all three benefits: lower rate, more cash, and adding a son or daughter onto the mortgage.

South River Mortgage can help you refinance your reverse mortgage. Get a quote today »

Reverse for Purchase (HECM for Purchase) in San Diego County

You can now purchase a home with a reverse mortgage in {county}, CA. The reverse for purchase lets homebuyers purchase the home and get a reverse mortgage in a single transaction. The requirements for a reverse for purchase are very similar to the traditional reverse mortgage program.

Purchasing a home with a reverse mortgage has many benefits:

• No monthly mortgage payment (although you’d still be responsible for property taxes and homeowner’s insurance)
• The home being purchased would meet HUD’s property requirements or minimum property standards (this helps keep the home safe for occupants)

Learn what your down payment would be using our Reverse for Purchase calculator. Or, get pre-approved today »