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 13 reverse mortgage specialists in Glendora, 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 Manfro - Tim Manfro
440 E Rte 66, Glendora, CA 91740
9098378777
Ryan Shulz - New American Funding
126 N Glendora Ave Suite A, Glendora, CA 91741
6269911368
Village Mortgage
440 E Rte 66 Suite 203, Glendora, CA 91740
6263486426
PrimeLending, A PlainsCapital Company - Glendora
180 N Glendora Ave # 202, Glendora, CA 91741
6263876002
Adriana Martinez
118 N Glendora Ave, Glendora, CA 91741
6266466069
New American Funding - Glendora, CA
126 N Glendora Ave, Glendora, CA 91741
6262632004
Norma Morales - CMG Home Loans
118 N Glendora Ave, Glendora, CA 91741
9098213388
Loans by Bryce
140 S Grand Ave Suite E, Glendora, CA 91741
6266097650
The Larry Davis Team - NMLS 168532 - PrimeLending
180 N Glendora Ave # 202, Glendora, CA 91741
6266643106
Andrade Financial
2060 E Rte 66 # 101, Glendora, CA 91740
6268526771
Charlie Evans IV
440 E Rte 66, Glendora, CA 91740
6262416022
21st Century Lending. - Pat Sepulveda-García
1030 E Rte 66 Suite E, Glendora, CA 91740
6269910033
R & B Reverse Mortgage
620 W Rte 66, Glendora, CA 91740
6263353412
What Does a Reverse Mortgage Specialist in Glendora Cost?
Typical costs for a reverse mortgage in California include an origination fee of up to $6,000 a mortgage insurance premium of 2 percent of the homes value and third party fees such as appraisal title and recording costs. These fees total between $10,000 and $20,000 on average but can be financed into the loan. Costs vary by lender and loan type. 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 Glendora California?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. California also requires you to attend a counseling session with a HUD approved agency.
How much can I borrow with a reverse mortgage in Glendora?
The amount depends on your age the homes appraised value and current interest rates. In California the maximum claim amount for a Home Equity Conversion Mortgage is $1,089,300 as of 2024. Older borrowers generally qualify for higher loan amounts.
Are reverse mortgage proceeds taxable in California?
No reverse mortgage proceeds are not considered income by the IRS or California Franchise Tax Board. The money you receive is a loan advance not taxable income. However interest on the loan is not deductible until you pay it back.