El Segundo Reverse Mortgage
El Segundo 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. Most borrowers access roughly 35 to 60 percent of their home's value, depending on age and interest rates.
Why El Segundo homeowners use reverse mortgages
El Segundo’s small-town blocks housed generations of aerospace families, and the ones who stayed watched Silicon Beach push their values up around them. Longtime owners in Mayberry-by-the-sea hold equity that can now quietly fund their retirement.
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.
How it works in El Segundo
- Free estimate. We run your age and your El Segundo 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.
El Segundo details
- ZIP codes we serve: 90245
- County: Los Angeles County
- Nearby areas: Manhattan Beach · Westchester · Inglewood