Who may qualify for a reverse mortgage in San Mateo 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 home is worth more than the HECM limit — are there other options?

Yes. Proprietary jumbo reverse mortgages are designed for higher-value homes and may allow access to equity beyond what a HECM can provide. San Mateo County's strong home values make this a common consideration on the Peninsula.

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.

San Mateo County reverse mortgage guidance

Reverse Mortgages for San Mateo County Homeowners

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

Schedule a free consultation Call (818) 232-1171

A thoughtful approach to your Peninsula home equity

San Mateo County homeowners — from Palo Alto and Menlo Park to Burlingame, Foster City, and Daly City — have often accumulated significant equity over decades of ownership. 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

Given San Mateo County's high home values, a proprietary jumbo reverse mortgage may be worth exploring for homes that exceed the HECM lending limit, depending on eligibility and lender guidelines.

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 Palo Alto and Redwood City to San Mateo, Millbrae, and Half Moon Bay, David Simon works with Peninsula 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 home equity access

For homes above the HECM lending limit, a jumbo reverse mortgage may unlock equity that a standard HECM cannot reach.

Home improvements

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

San Mateo County reverse mortgage questions

Talk through your options with David Simon

Get a clear, no-obligation conversation about reverse mortgage options for your San Mateo 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

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