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Browse reverse mortgage specialists serving Folsom, California. Contact information and addresses listed below.
15 agents listed
Updated May 2026
Folsom, 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 15 reverse mortgage specialists in Folsom, 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.
Mortgage Garage: Michael Kane, Mortgage Broker NMLS #245012
80 Blue Ravine Rd Ste 110, Folsom, CA 95630
9165395652
Troy Watson - Barrett Financial Group, LLC
850 Iron Point Rd #138, Folsom, CA 95630
9167304585
Iron Point Mortgage
2130 E Bidwell St STE 110, Folsom, CA 95630
9169853200
Guild Mortgage - Geoff Black
81 Blue Ravine Rd #125, Folsom, CA 95630
9164866558
Synergy Capital Lending
850 Iron Point Rd #212, Folsom, CA 95630
9163206845
Guild Mortgage - Paul Anderson
81 Blue Ravine Rd #125, Folsom, CA 95630
9167154888
Lending Solutions
101 Parkshore Dr #100, Folsom, CA 95630
9162990044
Mortgage Minds
35 Iron Point Cir Suite 280, Folsom, CA 95630
9167650009
A reverse mortgage specialist in Folsom California helps homeowners aged 62 and older convert part of their home equity into tax-free funds. California law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Specialists guide clients through the process including property tax deferral programs available to seniors in Sacramento County.
What Does a Reverse Mortgage Specialist in Folsom Cost?
Typical costs for a reverse mortgage specialist in California include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third-party charges such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. HECM counseling costs about 125 dollars but may be waived for low-income borrowers. These costs can be financed into the loan. This is general information 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 does a reverse mortgage specialist do in Folsom California?
A reverse mortgage specialist explains loan options helps determine eligibility and coordinates with HUD-approved counselors. They assist with application paperwork and ensure compliance with California disclosure requirements. Specialists do not provide financial advice but explain how reverse mortgages work.
Who is eligible for a reverse mortgage in Folsom California?
Eligibility requires the homeowner to be at least 62 years old and own the home outright or have a low mortgage balance. The property must be the primary residence and meet FHA standards. California law also mandates a financial assessment to ensure the borrower can pay ongoing property taxes and insurance.
Are there California specific rules for reverse mortgages?
Yes California requires a three-day right of rescission after closing allowing borrowers to cancel without penalty. Lenders must provide a written list of counseling agencies approved by HUD. California also prohibits lenders from requiring borrowers to purchase other financial products as a condition of the loan.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the California.