What is the minimum age for a reverse mortgage in Temecula or Murrieta?

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 — making it a strong option for many Temecula and Murrieta residents who want to access equity earlier.

How much equity can I access from my Temecula or Murrieta home?

The amount depends on your age, your home's current value, and current interest rates. Generally, the older you are and the more equity you have, the more you can access. David can provide a personalized estimate based on your specific situation.

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

Yes — this is one of the most common uses. If you have an existing mortgage, the reverse mortgage proceeds first pay it off, eliminating that monthly payment. Any remaining funds are available to you as a lump sum, line of credit, or monthly income.

Are there income or credit score requirements?

Unlike traditional mortgages, reverse mortgages do not have strict income or credit score minimums. Lenders conduct a financial assessment to confirm you can maintain property taxes and insurance, but the bar is much lower than a conventional loan.

What happens to my Temecula or Murrieta 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.

Temecula & Murrieta, CA

Reverse Mortgages for Temecula & Murrieta Homeowners

Temecula and Murrieta homeowners 55+ have built solid equity in Southwest Riverside County's fastest-growing communities. David Simon helps you access that equity — with no monthly mortgage payments and no pressure.

Schedule a Free Consultation Call (818) 232-1171

Temecula & Murrieta's Home Equity Opportunity

Temecula and Murrieta have grown from quiet Southwest Riverside County communities into thriving cities with strong real estate markets, excellent schools, and a quality of life that attracts retirees and families alike. Homeowners who purchased in these communities in the 1990s or early 2000s 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 Temecula and Murrieta 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.

Temecula's wine country estates and Murrieta's newer master-planned communities offer a range of home values — from mid-range properties well-suited to HECM programs to higher-value wine country estates that may qualify for jumbo reverse mortgage programs. David works with both to find the right fit for your home.

Reverse Mortgage Programs Available in Temecula & Murrieta

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.

Reverse 55+ Program

California's Reverse 55+ program allows eligible homeowners as young as 55 to access home equity — a particularly valuable option for Temecula and Murrieta residents who want earlier access to their equity before reaching 62.

HECM Line of Credit

A flexible credit line that grows over time, giving Temecula and Murrieta homeowners a financial cushion for healthcare costs, home improvements, or supplemental retirement income whenever it's needed.

Jumbo Reverse Mortgage

For higher-value Temecula wine country estates and custom homes above the FHA lending limit, proprietary jumbo reverse mortgages can unlock significantly more equity than a standard HECM.

Trusted Guidance for Southwest Riverside County 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, he can compare options across the full market to find the best fit for your Temecula or Murrieta home — whether it's a mid-range property in a master-planned community or a wine country estate on the outskirts of town.

David Simon

Reverse Mortgage Specialist

What Temecula & Murrieta 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 — Temecula & Murrieta Reverse Mortgages

Talk through your options with David Simon

Temecula and Murrieta homeowners have built real equity in Southwest Riverside County's most desirable communities. Let's talk about how a reverse mortgage can help you put that equity to work in retirement.

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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."