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Chula Vista has one of San Diego County's fastest-growing senior populations. Many longtime homeowners here have built serious equity over decades.
A reverse mortgage lets homeowners 62 and older tap that equity without selling. No monthly mortgage payment required.
62 Years Old
Minimum Age
Not Required
Monthly Payment
HECM (FHA-Backed)
Loan Type
Sale or Vacancy
Repayment Trigger
Before Application
Counseling Required
Reverse Mortgages in Chula Vista
You must be 62 or older and live in the home as your primary residence. The home must have enough equity to qualify.
Lenders also check that property taxes and homeowner's insurance are current. You cannot be delinquent on any federal debt.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Chula Vista.
Chula Vista has one of San Diego County's fastest-growing senior populations. Many longtime homeowners here have built serious equity over decades.
A reverse mortgage lets homeowners 62 and older tap that equity without selling. No monthly mortgage payment required.
You must be 62 or older and live in the home as your primary residence. The home must have enough equity to qualify.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by the FHA. Not every lender offers them.
We work with wholesale lenders that specialize in HECM products. That access matters when you need a lender who knows this program cold.
The biggest mistake I see is seniors waiting too long. The older you are and the more equity you have, the more you can access.
HUD requires a counseling session before you apply. Do not skip it. It protects you and speeds up closing.
A HELOC gives you a credit line too — but you make monthly payments. A reverse mortgage has no required monthly payment.
Home equity loans work similarly but require income verification for repayment. Reverse mortgages do not require income-based repayment.
Chula Vista homeowners who bought years ago are sitting on substantial equity. That equity is the engine behind a reverse mortgage.
As of April 2026, HECM loan limits apply county-wide across San Diego. Homes with higher values may qualify for proprietary jumbo reverse products.
No monthly mortgage payments are required. You must keep up with taxes, insurance, and home maintenance.
Your heirs can repay the loan balance and keep the home. Or they can sell the home and keep any remaining equity.
Yes. The reverse mortgage pays off your existing loan first. Remaining proceeds go to you.
It depends on your age, home value, and current interest rates. Older borrowers with more equity generally access more. Rates vary by borrower profile and market conditions.
Yes — HUD mandates it before you can apply. It typically takes about 90 minutes and can be done by phone.
A proprietary jumbo reverse mortgage may be a better fit. We have wholesale lenders that offer those programs.