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 20 reverse mortgage specialists in Downey, 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.
American Financial Network, Inc.
8505 E Florence Ave, Downey, CA 90240
5628611414
Home Central Financial, Reverse Mortgage, Refinance, Va, Fha, Downey
7847 Florence Ave #101, Downey, CA 90240
5628819811
EZ Fundings Inc.
8207 3rd St UNIT 102, Downey, CA 90241
5623999200
PRMG
8104 3rd St, Downey, CA 90241
5622315620
1st Choice Lending, Downey
8141 2nd St #603, Downey, CA 90241
5623965050
Real Consultants Mortgage and Real Estate Services
8141 2nd St #420, Downey, CA 90241
5623215192
Downey Capital Mortgage
8255 Firestone Blvd UNIT 110, Downey, CA 90241
5623341516
New World Mortgage - Direct Lender powered by APM
10842 Paramount Blvd, Downey, CA 90241
5629042500
Elite Mortgage Pros
8103 3rd St #1, Downey, CA 90241
5622916696
Rosie Rodriguez Branch Manager- Mortgage Originator
8255 Firestone Blvd UNIT 110, Downey, CA 90241
5623310075
FirstClass Mortgage Inc
8136 2nd St, Downey, CA 90240
5625771080
Rudi Maravilla
9901 Paramount Blvd #201, Downey, CA 90240
3238758905
EASY COMMERCIAL LOANS IN LOS ANGELES AND REFINANCES by Carmen
8060 Florence Ave, Downey, CA 90240
5624164116
Powerhouse Mortgage, Inc.
9317 Firestone Blvd, Downey, CA 90241
5628625097
Cesar Marin Home Loans
7847 Florence Ave, Downey, CA 90240
7146106809
Home Loans and modifications by Yoli
7847 Florence Ave, Downey, CA 90240
5626652842
Ultima Lending Inc.
8350 Florence Ave SUITE 200, Downey, CA 90240
5622057962
The MLO Academy
7857 Florence Ave # 105, Downey, CA 90240
5627251010
Master Key Mortgage and Real Estate
8043 2nd St #102, Downey, CA 90241
5626598133
California Providence Financial
12848 Paramount Blvd, Downey, CA 90242
5623020440
What Does a Reverse Mortgage Specialist in Downey Cost?
In California, reverse mortgage costs include an origination fee up to $6,000, a mortgage insurance premium of 2% of the homes value, and third-party fees like appraisal and title search. Typical total closing costs range from $5,000 to $15,000 depending on the homes value and loan type. These costs can be rolled into the loan balance. This is general information and does not constitute 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 age requirements for a reverse mortgage in Downey California?
Borrowers must be at least 62 years old. For a HECM loan, all titleholders must meet this age requirement. California law also requires a financial assessment to ensure the borrower can pay property taxes and insurance.
Do I need to own my home free and clear to get a reverse mortgage in Downey?
No you do not need to own the home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The remaining equity becomes available as loan proceeds. California law limits the amount you can borrow based on your age and the homes value.
What counseling is required for a reverse mortgage in California?
California requires all borrowers to receive counseling from a HUD-approved housing counseling agency. The session must be completed before you can submit a loan application. The counselor will explain loan terms costs and alternatives such as home equity lines of credit.