How do reverse mortgages work for The Oaks properties?

The Oaks of Calabasas homes qualify for reverse mortgages. This gated community's estate properties typically use proprietary programs due to values ranging from $3M to $10M+. Guard-gated access doesn't affect eligibility.

What about Calabasas Hills homes?

Calabasas Hills properties qualify for reverse mortgages. With values typically from $1.5M to $3M, these homes may use either HECM (up to limit) or proprietary programs depending on specific property value.

How much can Calabasas seniors access?

With median values around $2.2 million and many estates worth $5M+, qualified Calabasas seniors can access substantial equity through proprietary programs. Standard HECM is limited to $1,149,825 basis.

Do gated community homes qualify for reverse mortgages?

Yes, gated communities like The Oaks, Calabasas Park Estates, and Mountain View Estates all qualify for reverse mortgages. Security gates and guard access don't affect eligibility, though appraisal access may need coordination.

Reverse Mortgage in Calabasas, CA: HECM Guide for Seniors [2026]

Q: Can I get a reverse mortgage in Calabasas?

Yes, Calabasas homeowners 62+ can qualify for reverse mortgages. With median values around $2.2 million, most Calabasas properties exceed HECM limits and benefit from proprietary (jumbo) reverse mortgage programs.

Calabasas homeowners 62 and older can access substantial home equity through reverse mortgages without monthly payments. With median values around $2.2 million and prestigious communities like The Oaks, Calabasas seniors have built significant equity in this exclusive enclave. Proprietary programs serve most Calabasas properties.

Why Calabasas Seniors Consider Reverse Mortgages

High property values: Median around $2.2 million
Estate properties: Many homes worth $5M+
Privacy and security: Desire to stay in gated communities
Entertainment industry: Supplementing retirement from creative careers
Long-term appreciation: Decades of equity accumulation

Calabasas Communities and Values

Community	Typical Values	Program
The Oaks	$3M-$10M+	Proprietary/Jumbo
Calabasas Park Estates	$2M-$5M	Proprietary
Calabasas Hills	$1.5M-$3M	HECM or Proprietary
Mountain View Estates	$2M-$4M	Proprietary
Calabasas Village	$1.2M-$2.5M	HECM or Proprietary

Eligibility Requirements

Age 62+: At least one borrower must qualify
Primary residence: Calabasas must be your main home
Sufficient equity: Typically 50%+ for optimal proceeds
HUD counseling: Required for HECM (proprietary varies)
Property condition: Must meet program standards

Proprietary Programs for Calabasas Estates

Most Calabasas properties exceed HECM limits. Proprietary programs offer:

Higher limits: Access equity on properties up to $10M+
Luxury property expertise: Appraisers who understand the market
Flexible terms: Various payout options
Privacy: Discrete handling of high-value transactions

Frequently Asked Questions

Can I get a reverse mortgage in Calabasas?

Yes, homeowners 62+ can qualify. Most Calabasas properties use proprietary programs due to values exceeding HECM limits.

How do reverse mortgages work for The Oaks?

The Oaks homes qualify for proprietary reverse mortgages. Guard-gated access doesn't affect eligibility.

Do gated community homes qualify?

Yes, all gated communities qualify. Security features don't affect reverse mortgage eligibility.

Related Resources

Mo Abdel | NMLS #1426884 | Lumin Lending, Inc. | NMLS #2716106 | DRE #02291443
Licensed in: CA, WA

Equal Housing Lender. All loans subject to credit approval. Information is for educational purposes only.