Who may qualify for a reverse mortgage in Monterey County?

Eligibility depends on the program. For a HECM, at least one borrower generally must be 62 or older, the home must be a qualifying primary residence, and borrowers must meet financial assessment and counseling requirements. A consultation can help clarify the details for your situation.

My Carmel or Pebble Beach home is worth more than the HECM limit — are there options?

Yes. Proprietary jumbo reverse mortgages are designed for higher-value homes and may allow access to equity beyond what a HECM can provide. Monterey County's coastal communities frequently see home values that make this worth exploring.

Do I still own my home with a reverse mortgage?

You retain title to your home. You are responsible for property taxes, homeowners insurance, home maintenance, and complying with the loan terms. The loan becomes due and payable when a maturity event occurs, such as the last borrower leaving the home as a primary residence.

Monterey County reverse mortgage guidance

Reverse Mortgages for Monterey County Homeowners

Clear, personal guidance for homeowners 55+ exploring a reverse mortgage, HECM line of credit, jumbo reverse mortgage, or purchase option in Monterey County.

Schedule a free consultation Call (818) 232-1171

A thoughtful approach to your Central Coast home equity

Monterey County homeowners — from Salinas and Monterey to Carmel-by-the-Sea, Pacific Grove, and Seaside — have often built significant equity in a region known for its desirable coastal and inland communities. A reverse mortgage may offer a way to access part of that equity while continuing to live in your home, subject to program requirements and ongoing homeowner responsibilities.

David Simon helps clients understand the available options, compare the tradeoffs, and decide whether a reverse mortgage fits their retirement and housing goals. There is no one-size-fits-all recommendation — just a clear conversation built around your situation.

Reverse mortgage options to explore

HECM reverse mortgage

An FHA-insured reverse mortgage for eligible homeowners age 62 and older that can provide funds as a lump sum, monthly payments, a line of credit, or a combination.

Jumbo reverse mortgage

For higher-value Carmel, Pebble Beach, and coastal Monterey homes, a proprietary jumbo reverse mortgage may unlock equity beyond what a standard HECM can provide.

HECM line of credit

A flexible option that may allow eligible homeowners to draw funds when needed rather than taking all proceeds at once.

Reverse mortgage for purchase

A program designed to help eligible buyers purchase a new primary residence with a reverse mortgage, potentially reducing the need for a traditional monthly mortgage payment.

Local perspective. Personal guidance.

From Salinas and Monterey to Carmel Valley, King City, and communities throughout Monterey County, David Simon works with Central Coast homeowners who want straightforward answers about their reverse mortgage options.

You will receive an educational, no-pressure review of the loan process, eligibility factors, costs, and responsibilities — so you can make an informed decision with your family and trusted advisors.

David Simon

Reverse Mortgage Specialist

What a reverse mortgage may help address

Retirement cash flow

Explore ways home equity may support day-to-day expenses, planned purchases, or a more flexible retirement budget.

High-value coastal home equity

For Carmel, Pebble Beach, and coastal properties above the HECM lending limit, a jumbo reverse mortgage may unlock equity a standard HECM cannot reach.

Home improvements

Consider funding accessibility updates, repairs, or improvements that help you remain comfortably in your home.

Monterey County reverse mortgage questions

Talk through your options with David Simon

Get a clear, no-obligation conversation about reverse mortgage options for your Monterey County home.

Request a free consultation

Get 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."