California Reverse Mortgage Lenders

California is the top state for reverse mortgage loans. High property values in areas such as Orange County (Irvine, Anaheim Hills, Orange, Tustin, San Clemente, Newport Beach, Laguna Beach, Huntington Beach), Los Angeles County, San Diego County, Bakersfield, San Francisco and almost anywhere else along with the coast makes reverse mortgage an attractive option for seniors who need access to cash. Many seniors who purchased their homes 20+ years ago before property values increased, own their homes free and clear allowing them the option to unlock the equity in their homes.

Most Loans By City in California

Below are the most popular cities in California with the number of HECM loans originated since 2017. As you can see, it is no surprise that Los Angeles tops the list. Not too far behind are San Diego, Sacramento, San Jose and Oakland. The average initial principal limit varies from city to city. This amount depends on the age of the borrower, property value and equity in the property. For instance, in San Diego, the average initial principal limit was $317,805 and in Santa Rosa, the average was $329,574 but over in Anaheim, the average initial principal amount was $330,209.

Rank	City	# Loans
1	Los Angeles	729
2	San Diego	542
3	Sacramento	254
4	San Jose	254
5	Oakland	174
6	Long Beach	165
7	Santa Rosa	165
8	Oceanside	159
9	Riverside	158
10	Anaheim	144
11	Lincoln	120
12	Mission Viejo	120
13	Whittier	119
14	Roseville	113
15	Huntington Beach	109
16	San Francisco	107
17	Inglewood	104
18	Palm Desert	104
19	Escondido	102
20	Modesto	100
21	Santa Ana	98
22	Corona	96
23	Garden Grove	92
24	Concord	92
25	Fresno	90