Palm Springs & Desert Cities, CA
Palm Springs area homeowners 55+ have built strong equity in one of California's most sought-after retirement destinations. David Simon helps you access it — with no monthly mortgage payments.
Palm Springs, Palm Desert, Rancho Mirage, Indian Wells, La Quinta, and the surrounding Coachella Valley communities are among California's most popular retirement destinations — and for good reason. Homeowners who have owned property in the desert cities have often built substantial equity, which can be accessed through a reverse mortgage without selling or making monthly payments.
David Simon is a licensed reverse mortgage specialist who works with desert cities homeowners to evaluate their options clearly and without pressure. He understands the unique character of the Palm Springs market — including its significant second-home and retirement community landscape.
For many desert cities homeowners, a reverse mortgage can provide the financial flexibility to fully enjoy retirement in one of California's most beautiful regions — covering healthcare costs, home improvements, travel, or simply supplementing monthly income.
The FHA-insured standard reverse mortgage. Receive funds as a lump sum, monthly payments, a line of credit, or a combination — with no monthly mortgage payments required for as long as you live in the home as your primary residence.
A growing line of credit you draw from as needed — ideal for Palm Springs area homeowners who want a financial cushion for healthcare, home maintenance, or lifestyle expenses in retirement.
For higher-value desert properties — particularly in Rancho Mirage, Indian Wells, and La Quinta — a jumbo reverse mortgage allows access to equity beyond FHA loan limits with no FHA insurance required.
California's Reverse 55+ program allows eligible homeowners as young as 55 to access home equity — a valuable option for desert cities residents who want earlier access to their equity.
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 approaches every client the way he'd approach a conversation with a family member — honestly, patiently, and with your long-term interests in mind.
The Palm Springs area attracts retirees from across the country, and David understands the financial considerations that come with retirement living in the desert. He'll help you evaluate whether a reverse mortgage fits your overall retirement plan.
David Simon
Reverse Mortgage Specialist
A reverse mortgage requires the home to be your primary residence. If you split time between the desert and another home, you'll need to confirm which property qualifies as your primary residence.
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.
Many Palm Springs area properties are in HOA communities or condo developments. HECM loans require FHA project approval for condos. David can quickly verify whether your property qualifies.
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.
Palm Springs area homeowners have built real equity in one of California's most beloved retirement destinations. Let's talk about how a reverse mortgage can help you enjoy it fully.
Schedule Your Free ConsultationGet In Touch
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."