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.
Oakland / Alameda County, CA
Reverse Mortgages for Oakland Homeowners
Oakland homeowners 55+ have built substantial equity in one of the Bay Area's most dynamic and rapidly appreciating cities. David Simon helps you access it — with no monthly mortgage payments and honest, personal guidance.
Oakland's Home Equity Opportunity
Oakland — Alameda County's largest city and a cornerstone of the East Bay — has experienced dramatic home appreciation over the past two decades. For homeowners 62 and older who purchased years ago, that growth translates into substantial equity that can be converted into tax-free funds through a reverse mortgage, without selling or making monthly payments.
David Simon is a licensed reverse mortgage specialist who works with Bay Area homeowners to evaluate their options clearly and without pressure. Whether your home is in Rockridge, Montclair, Temescal, the Oakland Hills, or Piedmont, David helps you understand exactly what's available to you.
Oakland's high property values — particularly in the Hills and desirable flatland neighborhoods — often exceed the FHA lending limit, making jumbo reverse mortgages a relevant and powerful option. David works with multiple lenders, including those offering proprietary jumbo programs, to find the best solution for your home and retirement goals.
Reverse Mortgage Programs Available in Oakland
Jumbo Reverse Mortgage
For Oakland homes valued above the FHA lending limit — especially in the Hills, Rockridge, Montclair, and Piedmont — proprietary jumbo programs can unlock significantly more equity than a standard HECM.
HECM Line of Credit
A flexible credit line that grows over time, giving Oakland 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 Oakland residents who want earlier access to their equity.
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 Oakland home, whether it's valued at $800,000 or $2.5 million.
David Simon
Reverse Mortgage Specialist
What Oakland 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 — Oakland Reverse Mortgages
Talk through your options with David Simon
Oakland homeowners have built exceptional equity in one of the Bay Area's most vibrant cities. 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."