Shop the best deals for reverse mortgages in Inglewood, California. Meet Tomas Johnson.
Tomas Johnson
Reverse Mortgage Specialist
NMLS #1224625 
(310)-503-1017
Inglewood Reverse Mortgage Lenders
Our team of originators has a team of experienced professionals who are familiar with the specific needs of homeowners in Inglewood, Hawthorne, El Segundo Gardena, and Culver City. We can walk you through the questions you’re certain to have and the process should you decide to utilize your home’s value to create more cash flow in retirement.
Reverse Mortgage Stats In Inglewood
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the greater Inglewood and Southwest Los Angeles County metro.
There are already 7,453 people in or within 10 miles of Inglewood who have a reverse mortgage today. In just the last 12 months, 993 homeowners got a federally-insured reverse mortgage loan.
In 2021 the median home value in Inglewood was $741,277. The current maximum lending limit for FHA-insured reverse mortgages in 2022 is $1,149,825 which means most homes in Inglewood and in the surrounding area should see most if not all of their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. Homes above $1,149,825 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.
Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers based on the home’s appraised value, the age of the youngest borrower, or named non-borrowing spouse, and the current/starting effective interest rate.
About Inglewood, California
Like many early western settlements, Inglewood bears the nostalgia of its early settlers. Founded in 1873 by Daniel Freeman named the new city for his childhood hometown of Inglewood Canada. The first sizable industry for the new city was the mass production and raising of poultry. Decades later Inglewood became known as the site of the famous Hollywood Park race track from 1938-2013. One of the most famous Inglewood landmarks is the Forum- a colosseum designed by Andrew Luckman to emulate the Roman Colleseum. Constructed in 1967, The Forum has served as the home of professional teams including Los Angeles Lakers basketball and Los Angeles Kings Hockey.
Contact your Inglewood and greater Los Angeles Reverse Mortgage Lender Today
Tomas and his team at WLM Financial are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
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