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 3 reverse mortgage specialists in Granada Hills, 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.
Supreme Trust Mortgage
11024 Balboa Blvd Ste. #731, Granada Hills, CA 91344
3107203538
Forward & Reverse Mortgage
17037 Chatsworth St, Granada Hills, CA 91344
8184252058
Giraffe Reverse Mortgage Company
10727 White Oak Ave Suite #121, Granada Hills, CA 91344
8667236466
What Does a Reverse Mortgage Specialist in Granada Hills Cost?
Typical costs for a reverse mortgage in California include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. Total closing costs often range from 2,000 to 8,000 dollars, depending on the loan amount and property value. 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 are the age requirements for a reverse mortgage in Granada Hills?
Borrowers must be at least 62 years old. The youngest spouse on the title must meet this age requirement under California law and HUD guidelines.
Do I need counseling before getting a reverse mortgage in California?
Yes, California law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives.
What happens to the loan if I move out of my Granada Hills home?
If you move out for 12 consecutive months, the loan becomes due and payable. California law also requires the lender to wait 30 days after the borrower's death before demanding repayment.