HECM Reverse Mortgages in San Diego County
A detailed guide to the Home Equity Conversion Mortgage (HECM), the FHA-insured reverse mortgage program. Understand the rules, limits, and process for San Diego County homeowners.
Educational guide only — not financial advice. All programs require counseling.
HECM Rules for 2026
The 2026 FHA national lending limit for HECMs is $1,249,125. This is the maximum home value that can be used to calculate your loan proceeds. If your San Diego home is valued higher, a jumbo reverse mortgage may provide more funds.
*California Law Note: A mandatory 7-day waiting period applies after your HUD counseling before an application can be filed.
How You Can Receive Your Money
- Lump Sum: A single, large payment at closing.
- Tenure: Fixed monthly payments for as long as you live in the home.
- Term: Fixed monthly payments for a set number of years.
- Line of Credit: Draw funds as you need them, with the unused portion growing over time.
- Combination: A mix of the above, such as a partial lump sum and a line of credit.
Frequently Asked Questions
HECM mandatory counseling requirements for San Diego County borrowers
HECM mandatory counseling in San Diego County requires all borrowers to complete independent counseling with HUD-approved agencies before application submission. California law mandates an additional 7-day waiting period after counseling before lenders can accept applications to ensure informed decision-making. Our team coordinates with HUD-approved counselors to structure San Diego County HECM transactions that comply with federal consumer protection requirements while maintaining efficient closing timelines.
HECM principal limit factors for San Diego County properties
HECM principal limit factors in San Diego County range from 35% at age 62 to 75% at age 85 based on HUD actuarial tables that account for life expectancy and interest rate environments. Higher interest rates reduce principal limit factors while older borrower ages increase available proceeds from the maximum claim amount of $1,249,125. Our team coordinates with HECM lenders to structure San Diego County reverse mortgage transactions that optimize principal limit calculations based on current rate environments and borrower age profiles.
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For information educational purposes only and does not provide legal or tax advice. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. By submitting above, I authorize an affiliated Solve Lending & Realty representative to call me, send text messages and emails to me about property valuations and financing options at the number entered above even if I'm on a National or State "Do Not Call" list. You can opt-out anytime, data and message rates may apply.
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