San Diego County, CA Reverse Mortgage Snapshot
FIPS: 06073 • San Diego-Chula Vista-Carlsbad, CA • Market Tier: High Volume
San Diego County Executive BLUF Summary
San Diego is a major corporate epicenter for reverse mortgage operations (Guild Mortgage, Mutual of Omaha divisions), with heavy origination throughout coastal North County.
Strategic Key Takeaways
- •Estimated Senior Home Equity (62+): $195 Billion.
- •Average Maximum Claim Amount (MCA): $830,000.
- •Senior Homeownership Rate: 71.5%.
- •Regulatory: California Civil Code cooling-off mandated.
560,000 seniors (Age 62+)
Prior Year: 1,150
Median Home: $890,000
FHA Cap: $1,149,825
San Diego County Endorsement & MCA Trajectory
Annual FHA single-family reverse mortgage activity
Top FHA Approved Reverse Mortgage Lenders in San Diego County
Mutual of Omaha Mortgage
Direct Endorsement Approved
Guild Mortgage
Direct Endorsement Approved
Finance of America Reverse
Direct Endorsement Approved
Estimate HECM Line of Credit for San Diego County Homeowners
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Calibrated • 2026 FHA MCA Cap: $1,149,825
Under HUD ML 2014-07, spouses of any age can be named as an Eligible Non-Borrowing Spouse, securing statutory rights to remain in the home indefinitely after the borrowing spouse passes away.
Available immediately as an unused, guaranteed growing Line of Credit, or distributed as monthly tenure payments for life.
10-Year Line of Credit Compounding Trajectory
| Year | Available Line | Loan Balance | Est. Retained Equity |
|---|---|---|---|
| Year 0 | $148,300 | $139,000 | $511,000 |
| Year 2 | $168,996 | $158,398 | $537,898 |
| Year 4 | $192,581 | $180,504 | $565,386 |
| Year 6 | $219,457 | $205,694 | $593,322 |
| Year 8 | $250,083 | $234,400 | $621,526 |
| Year 10 | $284,984 | $267,112 | $649,777 |