In 2024, there were 2350 active reverse mortgage loans in Santa Clara County, California. The average home value in Santa Clara County is $1,826,817.69.

Click here to get a reverse Mortgage Quote in Santa Clara 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 Santa Clara County

Santa Clara County, located in the state of California, is a vibrant area known for its diverse population, beautiful scenery, and technological innovation. With a population of over 1.9 million residents, the county enjoys a Mediterranean climate marked by mild, wet winters and warm, dry summers. Home to Silicon Valley, Santa Clara County is renowned as a global center for technology and innovation, with numerous high-tech companies and startups calling the area home. Historically, Santa Clara County played a crucial role in the development of the technology industry, becoming a hub for research and development in the 20th century. As home values in the county are currently averaging at $1,826,817.686 and property taxes at $5,411.07486, seniors in Santa Clara County may find that a reverse mortgage could be a beneficial financial option to tap into their home equity. With an average interest rate of 0.04158266439, seniors could leverage the value of their homes to supplement their retirement income or cover unexpected expenses.

Reverse Mortgage Loan Origination in Santa Clara County

Reverse Mortgage Home Values in Santa Clara County

Reverse Mortgage Interest Rates Santa Clara County

There are approximately 2350 active reverse mortgage loans in Santa Clara County. The average interest rate in Santa Clara County is 8.31% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Santa Clara County was $1,808,344.26 in 2024.

Click here to get a Reverse Mortgage Quote in Santa Clara 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 Santa Clara County, CA

With the average home value of $1,808,344.26, 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 Santa Clara 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 Santa Clara 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 »