Reverse Mortgage Lenders in Riverside County, California – 2025

Reverse Mortgage Lenders in Riverside County, California – 2025

In 2024, there were 5680 active reverse mortgage loans in Riverside County, California. The average home value in Riverside County is $616,680.12.

Click here to get a reverse Mortgage Quote in Riverside 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 Riverside County

Riverside County, located in California, boasts a diverse population of over 2.4 million residents. Known for its warm climate and stunning desert landscapes, Riverside County is a popular destination for retirees and outdoor enthusiasts alike. The county is also home to the vibrant city of Riverside, known for its historical Mission Inn and beautiful Mission Revival architecture. With an average home value of $616,680.12 and property tax of $4,405.29, Riverside County offers a variety of housing options for residents. For seniors looking to tap into the equity of their homes, a reverse mortgage can be a valuable financial tool. With an average interest rate of 0.0411, seniors in Riverside County can explore the option of a reverse mortgage to supplement their income during retirement and enjoy the benefits of homeownership.

Reverse Mortgage Loan Origination in Riverside County

Reverse Mortgage Home Values in Riverside County

Reverse Mortgage Interest Rates Riverside County

There are approximately 5680 active reverse mortgage loans in Riverside County. The average interest rate in Riverside County is 7.54% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Riverside County was $621,533.33 in 2024.

Click here to get a Reverse Mortgage Quote in Riverside 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.

Riverside County, CA Facts – As of 2025
Average property value (estimated) $621,533.33
Average property taxes $4,405.29
Average reverse mortgage interest rate 7.54%
Area median income $94,500.00

Data Source: FFIEC HMDA Data

Jumbo Reverse Mortgage in Riverside County, CA

With the average home value of $621,533.33, you may be wondering about the opportunities for jumbo loans.

 

HomeForLife HECM
Traditional Reverse Mortgage Yes Yes
Refinance Existing Reverse Mortgage with Another
(HECM to HECM)
Yes Yes
Purchase a Home with a Reverse Mortgage
(HECM for Purchase)
Yes Yes
Minimum Age for Eligibility in CA 55 62
Get Your Quote → Get Your Quote →

 

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 Riverside 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 Riverside 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 »