In 2024, there were 607 active reverse mortgage loans in El Dorado County, California. The average home value in El Dorado County is $650,718.59.

Click here to get a reverse Mortgage Quote in El Dorado 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 El Dorado County

El Dorado County, located in California, is a picturesque region known for its stunning landscape and outdoor recreational opportunities. With a population of approximately 188,987 residents, the county boasts a mild climate and abundant natural beauty, including the iconic Lake Tahoe. El Dorado County is also renowned for its wineries, historical Gold Rush towns, and vibrant arts scene. Historically, El Dorado County played a significant role in the California Gold Rush, attracting people from far and wide in search of riches. Today, the county continues to preserve its rich heritage through various museums and historic sites. For seniors looking to supplement their retirement income, El Dorado County’s average home value of $650,718.59, average property tax of $4,096.46, and average interest rate of 0.0391 make it an ideal location for exploring options like reverse mortgages, which can provide financial flexibility in retirement while allowing seniors to remain in their homes.

Reverse Mortgage Loan Origination in El Dorado County

Reverse Mortgage Home Values in El Dorado County

Reverse Mortgage Interest Rates El Dorado County

There are approximately 607 active reverse mortgage loans in El Dorado County. The average interest rate in El Dorado County is 7.58% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in El Dorado County was $708,333.33 in 2024.

Click here to get a Reverse Mortgage Quote in El Dorado 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 El Dorado County, CA

With the average home value of $708,333.33, 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 El Dorado 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 El Dorado 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 »