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.
San Luis Obispo County, CA
Reverse Mortgages for San Luis Obispo County Homeowners
San Luis Obispo County's coastal communities and wine country neighborhoods have seen remarkable home appreciation. David Simon helps homeowners 55+ access that equity — with no monthly mortgage payments and no pressure.
San Luis Obispo County's Home Equity Opportunity
San Luis Obispo County — stretching from the coastal communities of Pismo Beach, Avila Beach, and Morro Bay to the wine country towns of Paso Robles and Templeton — has become one of California's most sought-after retirement destinations. Homeowners who purchased in this region years ago have seen their properties appreciate significantly, and for residents 62 and older, that equity can be converted into tax-free funds through a reverse mortgage without selling or making monthly mortgage payments.
David Simon is a licensed reverse mortgage specialist who works with Central Coast homeowners to evaluate their options clearly and without pressure. He takes the time to understand your full financial picture before recommending any program — and if a reverse mortgage isn't the right fit, he'll tell you.
San Luis Obispo County's coastal and wine country properties — particularly in Pismo Beach, Shell Beach, and the hillside estates of Paso Robles — often carry values that qualify for jumbo reverse mortgage programs going beyond the FHA lending limit, unlocking significantly more equity than a standard HECM.
Reverse Mortgage Programs Available in San Luis Obispo County
Jumbo Reverse Mortgage
For San Luis Obispo County homes valued above the FHA lending limit — common in Pismo Beach, Shell Beach, and Paso Robles wine country estates — 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 Central Coast 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 San Luis Obispo County residents who want earlier access to their equity before reaching 62.
Trusted Guidance for Central Coast 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 San Luis Obispo County home, whether it's a coastal property in Pismo Beach or a wine country estate in Paso Robles.
David Simon
Reverse Mortgage Specialist
What San Luis Obispo 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
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 — San Luis Obispo County Reverse Mortgages
Talk through your options with David Simon
San Luis Obispo County homeowners have built exceptional equity in one of California's most beautiful and desirable regions. Let's talk about how a reverse mortgage — including jumbo programs for coastal and wine country properties — 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."