Find Reverse Mortgage Specialists Near You in Hawthorne, CA
Directory of reverse mortgage specialists in Hawthorne, 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 2 reverse mortgage specialists in Hawthorne, 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 Hawthorne Cost?
Typical costs for a reverse mortgage in California include an origination fee (up to $6,000), a mortgage insurance premium (2% of the home value upfront plus 0.5% annually), and third-party fees such as appraisal and title search. Total closing costs usually range from $2,500 to $8,000 depending on the home value and lender. These costs are often financed into the loan. 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 Hawthorne?
You must be at least 62 years old to qualify for a reverse mortgage in California. The property must be your primary residence. If you are married and your spouse is under 62, special rules may apply under California law.
Do I need counseling before getting a reverse mortgage in California?
Yes, California law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must happen before you can submit a loan application. The counselor will explain the costs, terms, and alternatives.
What types of properties qualify for a reverse mortgage in Hawthorne?
Single-family homes, condominiums, and manufactured homes that meet HUD standards can qualify. The property must be located in Hawthorne and be your primary residence. Two-to-four unit properties may also qualify if you live in one unit.