HECM Reverse Mortgage
The FHA-insured standard reverse mortgage — the most widely used program in the country. Receive funds as a lump sum, monthly payments, a line of credit, or a combination, with no monthly mortgage payments required.
Contra Costa County, CA
Reverse Mortgages for Contra Costa County Homeowners
Walnut Creek, Concord, Pleasant Hill, and surrounding East Bay communities have seen remarkable home appreciation. David Simon helps homeowners 55+ convert that equity into tax-free funds — with no monthly mortgage payments and no pressure.
Contra Costa County's Home Equity Opportunity
Contra Costa County — stretching from the affluent hillside communities of Walnut Creek and Lafayette to the growing suburbs of Concord, Antioch, and Brentwood — has experienced sustained home value growth over the past two decades. For homeowners 62 and older who purchased years ago, that appreciation represents substantial equity that can be accessed through a reverse mortgage without selling or making monthly payments.
David Simon is a licensed reverse mortgage specialist who works with East Bay homeowners to evaluate their options clearly and without pressure. Whether your home is in an established neighborhood in Pleasant Hill or a newer development in Brentwood, David helps you understand exactly what you qualify for and which program fits your retirement goals.
Contra Costa County's higher-value communities — particularly Walnut Creek, Lafayette, Orinda, and Moraga — often qualify for jumbo reverse mortgage programs that go beyond the FHA lending limit, unlocking significantly more equity than a standard HECM. David works with both HECM and proprietary jumbo programs to find the right fit for your home.
Reverse Mortgage Programs Available in Contra Costa County
Jumbo Reverse Mortgage
For Contra Costa homes valued above the FHA lending limit — common in Walnut Creek, Lafayette, Orinda, and Moraga — proprietary jumbo reverse mortgages can unlock significantly more equity than a standard HECM.
HECM Line of Credit
A flexible credit line that grows over time, giving Contra Costa homeowners a financial cushion for healthcare costs, home improvements, or supplemental retirement income whenever it's needed.
Reverse 55+ Program
California's Reverse 55+ program allows eligible homeowners as young as 55 to access home equity — a valuable option for Contra Costa residents who want earlier access to their equity before reaching 62.
Honest Guidance for East Bay Homeowners
David Simon has spent over 40 years in the financial industry — the last nearly 10 helping people understand and obtain the best mortgage for their particular circumstances. He explains every program in plain language and answers every question thoroughly. He never pushes clients to move forward — once he has educated them and laid out all their options, they make the decision to move forward or not.
Because David works with multiple lenders — including those offering jumbo proprietary programs — he can compare options across the full market to find the best fit for your Contra Costa home, whether it's in a mid-range Concord neighborhood or a high-value hillside community in Orinda.
David Simon
Reverse Mortgage Specialist
What Contra Costa Homeowners Should Know
You remain the homeowner
A reverse mortgage does not transfer ownership. You keep the title and can stay in your home as long as you maintain it and pay property taxes and insurance.
No monthly mortgage payments required
The loan balance grows over time and is repaid when you sell, move out, or pass away. There are no required monthly principal or interest payments during the life of the loan.
HUD counseling is required
Before closing on a HECM, you'll complete a brief session with an independent HUD-approved housing counselor — a consumer protection that ensures you fully understand the program.
Non-recourse protection
Your heirs will never owe more than the home's value at repayment. If the loan balance exceeds the home's value, FHA insurance covers the difference — not your family.
Frequently Asked Questions — Contra Costa County Reverse Mortgages
Talk through your options with David Simon
Contra Costa County homeowners have built exceptional equity across the East Bay. Let's talk about how a reverse mortgage — including jumbo programs for higher-value homes — can help you put that equity to work in retirement.
Schedule Your Free ConsultationGet In Touch
Call Or Email Today For Your Free Loan Consultation
Reach out today for a no-obligation consultation. David will walk you through your options and help you determine the best path forward.
David Simon
Sr. Loan Officer & Reverse Mortgage Specialist
NMLS #1521694 | CABRE #02040832
Cell
(818) 232-1171
[email protected]
Office
Secured Capital Funding
17662 Irvine Blvd. Suite 6
Tustin, CA 92780
NMLS #1649122 | CABRE #01220151
"The highest compliment you can pay me is a referral to your family and friends."