Reverse Mortgage San Diego
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Reverse mortgage activity in San Diego is strong but not as hot as other California locales. Data from the US Department of Housing and Urban Development (HUD) show 1298 Home Equity Conversion Mortgages (HECM) originated through the San Diego HUD office through the first eight months of 2006. (HECMs are the most popular type of reverse mortgage.) This is nearly double the 671 HECMs originated in San Diego through August 2005. Nationally, San Diego ranks 12th out of 81 federal offices in terms of HECM activity.
Still, other California cities such as Santa Ana, Fresno, LA, Sacramento and San Francisco are seeing more HECM activity than San Diego. Visit our searchable database of reverse mortgage activity for more information about reverse mortgage San Diego. Also, the following links will help you find a San Diego reverse mortgage lender or San Diego reverse mortgage counselor.
Here’s a list of the top 10 reverse mortgage lenders in the San Diego market:
| Lender | Loan Originations |
|---|---|
| WELLS FARGO BANK NA | 312 |
| LIBERTYSTREET FINANCIAL GROUP | 83 |
| FINANCIAL FREEDOM SENIOR FUNDI | 79 |
| LIBERTY REVERSE MORTGAGE INC | 71 |
| SENIOR AMERICAN FUNDING INC | 66 |
| AMERICAN MORTGAGE PROFESSIONAL | 60 |
| FIRST CALIFORNIA FUNDING GROUP | 60 |
| PACIFIC REVERSE MORTGAGE INC | 52 |
| SCME MORTGAGE BANKERS INC | 52 |
| CLARION MORTGAGE CAPITAL INC | 43 |
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