Loading
Loading
Imperial Beach homeowners 62+ are sitting on real equity. A reverse mortgage turns that equity into cash — no monthly payments required.
San Diego County coastal properties hold value well. That's a strong foundation for a reverse mortgage payout.
62 years old
Min Age Requirement
None required
Monthly Payments
FHA HECM
Most Common Program
HUD-approved
Counseling Required
Reverse Mortgages in Imperial Beach
You must be 62 or older, live in the home as your primary residence, and have significant equity built up.
The home must meet FHA property standards. You'll also need to complete HUD-approved counseling before closing.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Imperial Beach.
Imperial Beach homeowners 62+ are sitting on real equity. A reverse mortgage turns that equity into cash — no monthly payments required.
San Diego County coastal properties hold value well. That's a strong foundation for a reverse mortgage payout.
You must be 62 or older, live in the home as your primary residence, and have significant equity built up.
Not every lender offers reverse mortgages. The pool is smaller than conventional lending — and terms vary more than people expect.
At SRK CAPITAL, we access 200+ wholesale lenders. We find the programs with the lowest upfront costs and best payout structures.
The biggest mistake I see: borrowers taking the first offer. Origination fees and mortgage insurance costs differ by lender.
A HECM — Home Equity Conversion Mortgage, the FHA-backed version — is the most common program. It has loan limits set by FHA. Know the cap before you plan around a number.
A HELOC gives you a credit line but requires monthly payments. A reverse mortgage gives you access to equity with no payment obligation while you live there.
Home equity loans are lump-sum and require repayment. If cash flow is the goal and you're 62+, a reverse mortgage is often the cleaner solution.
Imperial Beach sits at the southwestern tip of the continental US. Homes here carry coastal premiums — and that value supports larger reverse mortgage payouts.
San Diego County's strong property values mean many IB homeowners qualify for near-maximum HECM payouts. Location genuinely matters here.
Yes. You keep the title. The lender places a lien, but you remain the owner as long as you live there and meet loan terms.
The loan becomes due. Your heirs can sell the home, repay the balance, or refinance to keep it.
Yes, but the condo project must be FHA-approved. Not all complexes qualify, so check before assuming.
It depends on your age, home value, and current interest rates. Older borrowers with more equity generally receive more. Rates vary by borrower profile and market conditions.
Generally no — reverse mortgage proceeds are loan advances, not income. Consult a tax advisor for your specific situation.
You must pay property taxes, homeowners insurance, and maintain the home. Failing these triggers default.