California HECM Lenders
California is a hotbed for reverse mortgage loans. The state is home to many seniors who either own their home outright with no debt or lien against it, or are very close to paying off their mortgage. Couple that with the higher real estate property values within the state, tons of seniors and their parents are taking advantage of taking out a reverse mortgage loan while qualifications are still relatively easy.
California Reverse Mortgage Lenders
A HECM loan is federally insured loan that allows you to keep your home while taking out money from the built up equity to use on anything such as buying a new property that you will live in, home improvement to the home, paying down other debts or any other expenses you may need help with.
HECM Reverse Mortgage Qualification
- 62 or older
- FHA approved property (most single-family, 2-4 units and some condos)
- Obtain a certificate for attending an educational reverse mortgage counseling session
- Enough equity in the property
- Maintain current on insurance and property taxes
Our network of HECM lenders help seniors all over California, that includes anywhere from Orange County, San Diego, San Jose, Sacramento, Santa Barbara, Ventura County, Thousand Oaks, Los Angeles, San Francisco, Oakland, Berkely, San Mateo, Anaheim or anywhere else within the state.
