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Reverse Mortgage Specialist

Find out how much tax-free cash your home equity could provide — with no monthly mortgage payment required.

Homeowners 55+ in California can get a free, no-obligation analysis from a licensed specialist.

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5.0 Rating Google Reviews

 
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What will this reverse mortgage be used for?

An Existing Home
Home Purchase
Refinance My Reverse Mortgage
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Great! Need to sell an existing home?

Yes
No
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Have you found a new home?

Yes
No
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How will this property be used?

Primary Residence
Vacation Home
Investment Property
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How long will you keep this property?

Less than 5 years
5-10 years
11-20 years
Do not plan on moving again
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What is the purchase price of the new property?

[{"by":"5000","end":"100000","start":"80000"},{"by":"20000","end":"1000000","start":"100000"},{"by":"100000","end":"2000000","start":"1000000"}]
null
"240000"
  • $80K
  • $2M+
Continue
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What is your estimated down payment?

["1% Down","3% Down","3.5% Down","5% Down","10% Down","15% Down","20% Down","25% Down","30% Down","35% Down","40% Down","45% Down","50% Down"]
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"3% Down"
  • 0%
  • 50%+
Continue
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What is your reason for a reverse mortgage?

Reason For Reverse Mortgage
Reason For Reverse Mortgage
i'm finished
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Is there a co-borrower/spouse?

Yes
No
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For whom is this reverse mortgage?

Myself
Parent
Sibling
Friend
Client
Other
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What is your age?

["62 within 90 Days","63 years","64 years","65 years","66 years","67 years","68 years","69 years","70 years","71 years","72 years","73 years","74 years","75 years","76 years","77 years","78 years","79 years","80 years","81 years","82 years","83 years","84 years","85 years","86 years","87 years","88 years","89 years","90 years"]
null
"63 years"
  • Under 62 years
  • 90+ years
Continue
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Great! What type of property will be used for this reverse mortgage?

Single Family Home
Multi-Family Home
Condominium
Mobile/Manufactured Home
Other
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How long will you keep this property?

Less than 5 years
5-10 years
11-20 years
Do not plan on moving again
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Please estimate the value of the property.

[{"by":"5000","end":"100000","start":"80000"},{"by":"20000","end":"1000000","start":"100000"},{"by":"100000","end":"2000000","start":"1000000"}]
null
"240000"
  • $80K
  • $2M+
Continue
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What is your current mortgage balance?

[{"by":"10000","end":"100000","start":"0"},{"by":"20000","end":"1000000","start":"100000"},{"by":"100000","end":"2000000","start":"1000000"}]
null
"65000"
  • $0
  • $2M+
Continue
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What is your reason for a reverse mortgage?

Reason For Reverse Mortgage
Reason For Reverse Mortgage
i'm finished
back

Is there a co-borrower/spouse?

Yes
No
back

For whom is this reverse mortgage?

Myself
Parent
Sibling
Friend
Client
Other
back

What is your age?

["62 within 90 Days","63 years","64 years","65 years","66 years","67 years","68 years","69 years","70 years","71 years","72 years","73 years","74 years","75 years","76 years","77 years","78 years","79 years","80 years","81 years","82 years","83 years","84 years","85 years","86 years","87 years","88 years","89 years","90 years"]
null
"63 years"
  • Under 62 years
  • 90+ years
Continue
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What is the best email to send to Reverse Mortgage Illustration to?

Continue

5.0 Rating Google Reviews

 
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What is your name?

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What is your phone number?

Finish
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Reverse Mortgage Topics


Do I Qualify?

FHA (HECM) reverse mortgages require at least one borrower to be 62+ and the home must be your primary residence.  Proprietary Reverse Mortgages require one borrower to be at least 55+. The home can be your primary or secondary residence.

  • Primary residence (not rental / vacation)
  • Eligible property type (SFR, 2–4 units, FHA-approved condo, etc.)
  • Must stay current on property taxes & homeowners insurance and maintain the home
Note: If you already have a reverse mortgage, we can discuss new options—but account-specific servicing questions are handled by your current servicer. 

How a Reverse Mortgage Works

A reverse mortgage converts part of your home equity into funds while you keep ownership, as long as you meet program obligations. 

  • Funds can be structured as a line of credit, monthly payments, lump sum (program dependent), or a combination
  • Loan becomes due when the last borrower sells, moves out permanently, or passes away
  • Borrowers must pay property charges (taxes/insurance) and maintain the home

Payment Options

No required monthly principal & interest payment, but you can choose to make payments anytime.

  • No payment: balance grows over time (interest accrues)
  • Interest-only payments: helps keep the balance from increasing
  • Pay down principal: reduces the balance over time
  • No prepayment penalty for paying extra (or paying it off early)

Impact on Heirs

A reverse mortgage is typically a non-recourse loan: you or your heirs generally do not owe more than the home’s value at sale (subject to program terms).

  • Heirs can usually sell the home and keep any remaining equity after payoff
  • Heirs may also choose to keep the home by paying off/refinancing the balance
  • Optional payments can help preserve equity

Counseling Requirement

For FHA HECM, HUD-approved counseling is mandatory before closing and a counseling certificate is required.

  • Covers costs, responsibilities, and alternatives
  • Helps ensure the loan is a good fit
  • California Grant covers cost of Reverse Mortgage Counseling

Pros & Cons

A reverse mortgage can improve cash flow, but it’s important to understand the tradeoffs.

  • Pros: no required monthly P&I payment; flexible payout options; optional payments allowed; you keep title
  • Considerations: interest accrues; fees may be higher than traditional loans; you must keep taxes/insurance current
  • Best fit: homeowners who want cash-flow relief and plan to stay in the home long enough to benefit

Reverse Mortgage Rates & Fees

Rates and fees depend on the program (FHA vs proprietary), loan structure, and current market conditions.

  • Rates: typically variable for HECM lines of credit; proprietary products may offer fixed/variable depending on program
  • Common fees: origination, third-party closing costs (title/escrow/appraisal), and program-specific costs (e.g., FHA MIP on HECM)
  • Transparency: you’ll receive a full written breakdown before you decide
Rates and costs vary by borrower, property, and program guidelines. Official figures appear on your Loan Estimate/Closing Disclosure (or equivalent).

Success Stories & Testimonials

Examples of how homeowners use reverse mortgages to improve cash flow and create flexibility.

Cash-flow relief: “We eliminated our monthly mortgage payment and used the savings to make life easier on a fixed income.”
Line of credit strategy: “The credit line gave us peace of mind for unexpected expenses without selling investments.”
Heir-friendly planning: “Optional payments helped us control the balance and preserve equity for our family.”

We can share scenarios similar to yours (without personal information) during a quick call.

Compare Reverse Mortgage Options

Not all reverse mortgages are the same. Comparing options can change the available funds and costs.

  • FHA HECM: government-insured; HUD counseling required; mortgage insurance applies; often best for standard scenarios
  • Proprietary reverse: private programs; may offer different age/value flexibility; terms vary by investor
  • Jumbo reverse: designed for higher-value homes; may offer higher proceeds than FHA limits allow
  • 2nd Mortgage Reverse: Get cash out with no required monthly payment.
Request a Side-by-Side Comparison 

Keep Your Existing Low-Rate 1st Mortgage? (Reverse Mortgage 2nd)

In certain cases, a reverse mortgage in a second-lien position may allow you to access cash while keeping your existing first mortgage (program availability varies).

  • May help improve cash flow without replacing a low-rate first mortgage
  • Structure and eligibility depend on current liens, property, and investor guidelines
  • We’ll confirm if this option fits your situation and provide a written quote
Note: Second-lien reverse mortgage options are program-specific and subject to underwriting and lien position requirements.

Proprietary Reverse Mortgage (Age 55+)

Some proprietary reverse mortgage programs may allow qualification starting at age 55 (availability varies by state, product, and borrower profile).

  • May offer earlier access than FHA HECM (typically 62+)
  • Guidelines, proceeds, and rates vary by investor and property
  • We’ll confirm eligibility and provide a written quote based on your scenario
Age eligibility and product availability are program-specific and subject to underwriting.

Jumbo Reverse Mortgage for High Home Values

If your home value is above FHA lending limits, a jumbo reverse mortgage may provide higher proceeds than a standard HECM.

  • Designed for higher-value properties where FHA limits can cap proceeds
  • Program terms vary (rates, fees, payout structures, property eligibility)
  • We can compare FHA vs jumbo options side-by-side

Talk to a Specialist

Want quick clarity on eligibility, proceeds, and whether a reverse mortgage makes sense now or later? We’ll walk through it clearly.

Book a Free Consultation
Important: Borrowers must continue to pay property taxes and homeowners insurance and maintain the home. FHA HECM loans require HUD-approved counseling prior to closing. This content is informational and not a commitment to lend. Loan approval and available proceeds vary by borrower, property, and current rates.
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