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Find Reverse Mortgage Specialists Near You in Burbank, CA

Compare reverse mortgage specialists in Burbank. Review contact information and insurance categorys before you decide.

10 agents listed
Updated May 2026
Burbank, CA
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the California before hiring.
Showing 10 reverse mortgage specialists in Burbank, CA Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
ID Mortgage Broker
1810 W Burbank Blvd #150, Burbank, CA 91506
3237415858
The Mortgage Group
4405 Riverside Dr Suite 101, Burbank, CA 91505
8185566500
CA Finance Group
210 N Glenoaks Blvd Suite B, Burbank, CA 91502
8184249574
Metric Mortgage Corp
303 N Glenoaks Blvd Suite 220, Burbank, CA 91502
6269053605
Fund Source Inc
1616 W Burbank Blvd suite c 2nd floor, Burbank, CA 91506
8182390224
Power Play Mortgage
1619 W Magnolia Blvd, Burbank, CA 91506
8183261915
Equity Smart Home Loans - Rafael Ortega
4100 W Alameda Ave #300, Burbank, CA 91505
5625058064
West Coast Capital Mortgage Inc.
150 E Olive Ave, Burbank, CA 91502
3106541577
Get Assured Inc Mortgage Broker
150 E Olive Ave Suite 109, Burbank, CA 91502
8185633332
Los Angeles Reverse Mortgage Specialist
416 S Reese Pl, Burbank, CA 91506
8887409573

A reverse mortgage specialist in Burbank California helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. California law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Burbank residents can use these funds for home repairs medical expenses or daily living costs.

What Does a Reverse Mortgage Specialist in Burbank Cost?

Typical costs for a reverse mortgage in California include an origination fee up to $6,000 an appraisal fee of $500 to $800 and third-party closing costs such as title insurance and recording fees ranging from $2,000 to $5,000. The upfront mortgage insurance premium is 2% of the appraised value and annual premiums are 0.5% of the loan balance. These costs are usually financed into the loan. This is general information and not mortgage or financial advice.

* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.

Frequently Asked Questions

What are the eligibility requirements for a reverse mortgage in Burbank California?
You must be at least 62 years old own your home outright or have a low mortgage balance and live in the property as your primary residence. California also requires you to attend a counseling session with a HUD-approved counselor before applying.
How much can I borrow with a reverse mortgage in Burbank?
The amount depends on your age the appraised value of your home and current interest rates. In California the maximum claim amount for a HECM is $1,089,300 as of 2024. Older homeowners typically qualify for larger loan amounts.
Are reverse mortgage proceeds taxable in California?
No reverse mortgage proceeds are not considered income by the IRS or the state of California. They are loan advances and are tax-free. However interest on the loan is not deductible until you pay it back.