In 2024, there were 1331 active reverse mortgage loans in Sonoma County, California. The average home value in Sonoma County is $815,726.36.

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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 Sonoma County

Sonoma County, located in California, is known for its picturesque landscapes, world-renowned vineyards, and charming small towns. With a population of over 490,000 residents, the county enjoys a Mediterranean climate with warm, dry summers and mild, wet winters. Sonoma County has a rich history dating back to pre-colonial times, with Spanish missionaries, Mexican land grants, and the Gold Rush all leaving their mark on the region. The average home value in Sonoma County is $815,726.36, with an average property tax of $4,486.41, and an average interest rate of 3.89%. For seniors looking to tap into their home equity, Sonoma County offers opportunities for reverse mortgages, allowing homeowners aged 62 and older to convert a portion of their home’s value into tax-free cash, providing financial flexibility in retirement. This option can be especially appealing for those looking to supplement their income or cover unexpected expenses without having to sell their home.

Reverse Mortgage Loan Origination in Sonoma County

Reverse Mortgage Home Values in Sonoma County

Reverse Mortgage Interest Rates Sonoma County

There are approximately 1331 active reverse mortgage loans in Sonoma County. The average interest rate in Sonoma County is 7.45% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Sonoma County was $898,934.43 in 2024.

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

With the average home value of $898,934.43, 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 Sonoma 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 Sonoma 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 »