Compare Reverse Mortgage Specialists in Gold River, CA
Directory of reverse mortgage specialists in Gold River, California. Verify credentials with the state state mortgage licensing authority before hiring.
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
State Mortgage Licensing Authority of California before hiring.
Showing 4 reverse mortgage specialists in Gold River, 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.
What Does a Reverse Mortgage Specialist in Gold River Cost?
Reverse mortgage costs in California typically include an origination fee up to 2.5 percent of the first 200000 of home value plus 0.5 percent on amounts above that. Third-party fees such as appraisal title insurance and recording fees range from 1500 to 4000. The upfront mortgage insurance premium is 2 percent of the appraised value. Annual mortgage insurance is 0.5 percent of the loan balance. Costs vary by lender and property value. 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 are the age requirements for a reverse mortgage in Gold River California?
Borrowers must be at least 62 years old. If married the younger spouse must also be 62 unless they qualify as a non-borrowing spouse under HUD rules. California law follows federal HECM guidelines for age.
Do I need to own my home free and clear to get a reverse mortgage in Gold River?
No you do not need to own the home free and clear. You must have significant equity. The existing mortgage will be paid off with the loan proceeds. California property taxes and insurance must remain current.
What counseling is required for a reverse mortgage in California?
All borrowers must complete a counseling session with a HUD-approved counselor. This is mandatory under California Civil Code Section 1923.2. The session covers loan terms costs and alternatives. A certificate of completion is needed before loan approval.