What is the minimum age for a reverse mortgage in Riverside County?

HECM loans require the youngest borrower to be at least 62. California's Reverse 55+ program is available to eligible homeowners as young as 55, which is a popular option for Riverside County residents who want earlier access to their equity.

How much equity do I need in my Riverside County home to qualify?

There is no fixed equity requirement, but you generally need enough equity to pay off any existing mortgage balance from the reverse mortgage proceeds. Many Riverside County homeowners with 40–50% equity or more are strong candidates.

Can I use a reverse mortgage to eliminate my existing mortgage payment?

Yes — this is one of the most common uses. The reverse mortgage proceeds first pay off any existing mortgage, eliminating that monthly payment. Any remaining funds are available to you.

I live in a Temecula or Murrieta retirement community. Can I still qualify?

Yes, as long as the property is your primary residence and meets standard eligibility requirements. Planned communities and HOA properties generally qualify. David can verify eligibility for your specific community.

What happens to my Riverside County home when the loan comes due?

When the loan becomes due — typically when you sell, move out, or pass away — the balance is repaid from the home's proceeds. Your heirs keep any equity above the loan balance and have options for how to handle the property.

Riverside County, CA

Reverse Mortgages for Riverside County Homeowners

Riverside County homeowners 55+ have seen strong equity growth across the Inland Empire. David Simon helps you access it — with no monthly mortgage payments and guidance tailored to your goals.

Schedule a Free Consultation Call (818) 232-1171

Riverside County's Rising Home Equity

Riverside County — including Riverside, Corona, Temecula, Murrieta, Palm Desert, and the broader Inland Empire — has experienced significant home value appreciation over the past decade. For homeowners 62 and older, that equity can be converted into tax-free funds through a reverse mortgage without selling your home or making monthly mortgage payments.

David Simon is a licensed reverse mortgage specialist who works with Inland Empire homeowners to evaluate their options clearly and honestly. He understands the diverse communities across Riverside County and brings the same personal attention to every client.

Riverside County's combination of strong equity growth and relatively affordable home values compared to coastal California makes it an excellent market for reverse mortgages — many homeowners qualify for programs that can meaningfully improve their retirement cash flow.

Reverse Mortgage Programs Available in Riverside County

HECM Reverse Mortgage

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.

HECM Line of Credit

A growing line of credit you draw from as needed — ideal for Riverside County homeowners who want a financial cushion for healthcare, home maintenance, or supplemental retirement income.

Reverse 55+ Program

California's Reverse 55+ program allows eligible homeowners as young as 55 to access home equity — a valuable option for Riverside County residents who want earlier access to their equity.

HECM for Purchase

Relocating within Riverside County or moving to a different community? The HECM for Purchase lets you buy a new primary residence using a reverse mortgage with no monthly mortgage payments.

Personal Guidance Across the Inland Empire

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, he can compare programs and terms to find the best fit for your situation — whether you're in Temecula wine country, a Corona suburb, or a Palm Desert retirement community.

David Simon

Reverse Mortgage Specialist

What Riverside County 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 for your family

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 — Riverside County Reverse Mortgages

Talk through your options with David Simon

Riverside County homeowners have built real equity across the Inland Empire. Let's talk about how a reverse mortgage can help you access it and improve your retirement.

Schedule Your 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."