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Showing 3 reverse mortgage specialists in Duarte, 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.
Stephen M Cabral - Mortgage Broker, nmls#1986872
3033 Gardi St, Duarte, CA 91010
6262635455
Mortgage, Bank of America
1440 E Huntington Dr, Duarte, CA 91010
6262634037
Chase Mortgage
1000 E Huntington Dr, Duarte, CA 91010
6263572518
What Does a Reverse Mortgage Specialist in Duarte Cost?
Typical costs for a reverse mortgage in California include an origination fee up to 2.5 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees like appraisal and title search. These costs often range from 2000 to 6000 dollars but vary by loan size and lender. 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 age requirements for a reverse mortgage in Duarte?
Borrowers must be at least 62 years old. If there are co-borrowers, the youngest borrower must meet this age requirement. This rule applies to all HECM loans in California.
Do I need counseling before getting a reverse mortgage in California?
Yes, California law mandates that all reverse mortgage applicants complete a counseling session with a HUD-approved counselor. The counselor explains loan terms, costs, and alternatives. You must receive a signed certificate before the lender can process your application.