By Yair Harpaz, Broker · CA DRE #01156491 · Updated September 2026
Costa Mesa, California homeowners age 62 and older can convert part of their home equity into cash with an FHA-insured reverse mortgage (HECM). There are no monthly mortgage payments, you keep the title to your home, and the 2026 FHA lending limit is $1,249,125. Jumbo programs start at age 55 for homes above that limit. Most borrowers access roughly 35 to 60 percent of their home's value, depending on age and interest rates.
Costa Mesa’s Eastside cottages and Mesa Verde tracts were working households’ path to the coast, and longtime owners now hold near-coastal values without Newport prices. A reverse mortgage lets them stay a bike ride from the beach while the equity pays them back.
The money is yours to use how you want: paying off an existing mortgage to end the monthly payment, covering in-home care, home repairs, everyday bills, or simply a cushion that lets you stop worrying.
Your free Costa Mesa estimate
How old are you?
What is your Costa Mesa home worth, about?
Why do we ask?
Your home’s value sets the ceiling on what any reverse mortgage can pay. A rough figure is enough to get you a useful number here. The exact one comes from an appraisal later.
How much do you still owe on the home?
Why do we ask?
A reverse mortgage pays off whatever you still owe first, and what is left over is yours. So the balance is what turns the loan amount into your number. If the home is paid off, all of it is yours.
Your estimate is ready.
Where should we send it?
Good news. Here is your estimate:
Your home, about
Loan available to you
Less mortgage payoff
is roughly what you could unlock from your home.
Your home may qualify for more than this.
Not 55 yet? Let’s look at your options.
If your husband or wife is 55 or older, you may qualify together. Leave your name and we will check.
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This is an estimate, not an offer. Your exact amount is set by a government formula using your age, your home’s appraised value, and current interest rates. Any current mortgage is paid off first.
How it works in Costa Mesa
Free estimate. We run your age and your Costa Mesa home's value through the FHA formula and show you what you could get.
Independent counseling. You meet with a HUD-approved counselor who does not work for any lender. California then gives you a 7-day no-pressure period. Your California protections, explained.
Close and get funded. Any existing mortgage is paid off first, and the rest comes to you: lump sum, monthly payments, or a line of credit. Most loans close in 30 to 45 days.
How much can I get from a reverse mortgage in Costa Mesa?
It depends on your age, your home's appraised value, and current interest rates. Most borrowers can access roughly 35 to 60 percent of their home's value, up to the 2026 FHA lending limit of $1,249,125. Older homeowners qualify for more. Use our free estimator for your Costa Mesa home's range.
Do Costa Mesa homeowners keep ownership of their home with a reverse mortgage?
Yes. Title stays in your name, exactly like a regular mortgage. You keep living in your Costa Mesa home as long as you want, provided you stay current on property taxes and homeowners insurance and keep the home maintained.
Where do I get reverse mortgage counseling near Costa Mesa?
Federal law requires a session with an independent HUD-approved counseling agency before you apply. Several agencies serve all of Orange County and most offer sessions by phone, so Costa Mesa homeowners can complete counseling from home. Your lender must give you a list of approved agencies, and California law then gives you a 7-day no-pressure period before any application.
I still owe on my Costa Mesa home. Can I still get a reverse mortgage?
Usually, yes. The reverse mortgage pays off your current mortgage first, which ends that monthly payment for good, and whatever remains comes to you. Whether the numbers work depends on your equity, which the free estimate shows for your Costa Mesa home in seconds.
