Short answer: A San Diego reverse mortgage lets homeowners 62 and older turn part of their home equity into cash, with no monthly mortgage payment required. Property taxes, insurance and upkeep still apply. Because many San Diego homes are worth more than the FHA HECM limit, it often makes sense to compare a HECM with a private jumbo reverse mortgage. Hyde Funding is a San Diego lender founded in 2015, with an office at 8996 Miramar Rd.
A HECM calculation is capped at HUD’s national limit no matter how much more your home is worth. Owners of higher-value San Diego homes should also look at a jumbo reverse mortgage in San Diego, a private loan with its own limits.
We work with homeowners throughout the county, including Chula Vista and the South Bay, La Mesa and El Cajon in East County, and Escondido, Carlsbad and Oceanside in North County. If you’re searching for a reverse mortgage near me in San Diego, our office is at 8996 Miramar Rd., and we can meet by phone or video if driving is hard.
Competitive reverse mortgage rates. Call (858) 775-1005 for today’s rates.
Many local retirees are veterans. See reverse mortgages for veterans in San Diego.
A HECM for Purchase in San Diego lets you buy a single-level home or condo and skip the monthly mortgage payment.
Homeowners 55+ may be able to transfer their property tax base to a replacement home anywhere in California, subject to the rules. Confirm with the San Diego County Assessor.
California law adds consumer protections for reverse mortgages, including a waiting period after counseling and required disclosures.
Yes. Hyde Funding is a San Diego reverse mortgage lender at 8996 Miramar Rd. Suite 250, serving all of San Diego County by appointment, phone or video.
Yes, if the condo is FHA-approved for a HECM, or with a proprietary reverse mortgage.
Yes, at our Miramar Road office, or by phone or video.
Prop 19 is a property tax rule, separate from the loan, and many buyers use both. Confirm eligibility with the Assessor.
Rates change daily. Call (858) 775-1005 for today’s rates.
Competitive reverse mortgage rates. Call (858) 775-1005 for today’s rates.
Steven Hyde, NMLS #391380 (NMLS Consumer Access). Equal Housing Opportunity. Reverse mortgage borrowers must live in the home as their primary residence, keep paying property taxes, homeowners insurance and HOA dues, and maintain the home, or the loan may become due. The loan balance grows over time. HECMs are insured by FHA. Hyde Funding is not affiliated with HUD, FHA, the VA or any government agency. Rates change daily and depend on the program and borrower. This is general information, not a commitment to lend.
