Loading
Loading
Encinitas homeowners have built serious equity over the years. A reverse mortgage lets you access that equity without selling or making monthly payments.
San Diego County coastal properties hold strong long-term value. That equity isn't doing anything sitting idle — a reverse mortgage puts it to work.
62 years old
Min Age Requirement
None required
Monthly Payments
HECM (FHA-backed)
Loan Type
Yes — HUD approved
Counseling Required
Reverse Mortgages in Encinitas
You must be at least 62 years old and live in the home as your primary residence. The home must be owned outright or have a low remaining mortgage balance.
Lenders require a financial assessment to confirm you can cover property taxes, insurance, and upkeep. Credit score matters less here than it does on traditional loans.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Encinitas.
Encinitas homeowners have built serious equity over the years. A reverse mortgage lets you access that equity without selling or making monthly payments.
San Diego County coastal properties hold strong long-term value. That equity isn't doing anything sitting idle — a reverse mortgage puts it to work.
You must be at least 62 years old and live in the home as your primary residence. The home must be owned outright or have a low remaining mortgage balance.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages backed by the FHA. They come with federal protections that private reverse products don't offer.
We work with 200+ wholesale lenders. On reverse mortgages, that access matters — fees and payout structures vary more than most borrowers expect.
HUD requires independent counseling before you close a HECM. That's actually a good thing — it ensures you understand what you're signing.
The biggest mistake I see: borrowers taking a lump sum when a line of credit would serve them better. That unused line grows over time. It's one of the most underused features in this program.
A HELOC gives you equity access too, but requires monthly payments and can be frozen by the lender. A reverse mortgage has no monthly payment and the line can't be cancelled.
Selling and downsizing is the other option most clients consider. If Encinitas is home and you want to stay, a reverse mortgage usually beats cashing out and moving.
Encinitas sits in one of San Diego County's most desirable coastal corridors. Homes here have appreciated significantly, which directly increases how much you can borrow.
San Diego's property tax rules and homestead protections can interact with reverse mortgage planning. An estate attorney familiar with California law is worth consulting before you close.
Yes. You remain on title and own the home. The lender places a lien, just like a regular mortgage.
The loan becomes due. Heirs can sell the home, pay off the balance, or refinance to keep it.
Yes, if the remaining balance is low enough. The reverse mortgage pays it off at closing.
It depends on your age, home value, and current interest rates. Older borrowers with more equity qualify for larger amounts. Rates vary by borrower profile and market conditions.
Generally no. Reverse mortgage proceeds aren't taxable income. Medicaid eligibility is a separate issue — consult an advisor.
Lump sum, monthly payments, a line of credit, or a combination. The line of credit option grows over time if unused.