Reverse mortgage specialist serving California homeowners 55 and older

California reverse mortgage loans, HECM and jumbo options

California is home to some of the highest property values in the country, which means California homeowners often have more equity available than they realize. A reverse mortgage lets you access that equity without selling your home, without making monthly mortgage payments, and without giving up ownership.

Whether you want to eliminate a monthly mortgage payment, supplement your retirement income, cover healthcare costs, or simply have a financial cushion available when you need it, a reverse mortgage may be one of the most powerful tools available to you as a California homeowner.

Do you qualify for a reverse mortgage in California?

• At least one borrower on title must be 55 years of age or older
• The home must be your primary residence
• You must have sufficient equity, generally at least 50%
• The home must meet FHA property eligibility guidelines
• HUD approved counseling is required before closing
• A financial assessment is conducted, no specific credit score required

How much can California homeowners access?

California's high home values make reverse mortgages particularly powerful here. Higher appraised values typically mean access to more equity. For homes above the FHA lending limit of $1,249,125, a jumbo reverse mortgage may allow access to even more, up to $4 million on some products.

The exact amount you can access depends on your age at closing, your home's appraised value, current interest rates, and the payout option you choose. The older you are and the higher your home value, the more you can typically access.