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 5 reverse mortgage specialists in Inglewood, 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.
New American Funding - Inglewood, CA
3314 W Manchester Blvd, Inglewood, CA 90305
3104092149
Monarch Mortgage
8013 S Van Ness Ave, Inglewood, CA 90305
8184398689
Mansfield Lending
2920 W Manchester Blvd, Inglewood, CA 90305
5627610959
US Bank Mortgage
Inglewood, CA 90303
8008722657
US Bank Mortgage
500 E Manchester Blvd, Inglewood, CA 90301
8008722657
What Does a Reverse Mortgage Specialist in Inglewood 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. Appraisal fees range from 400 to 800 dollars and counseling fees are usually 125 to 250 dollars. Closing costs and mortgage insurance premiums also apply. These costs vary by lender and loan amount. 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 is a reverse mortgage specialist in Inglewood?
A reverse mortgage specialist is a licensed professional who guides homeowners through the reverse mortgage process. They explain loan terms costs and eligibility requirements specific to California law including mandatory counseling.
Do I need to own my home free and clear to get a reverse mortgage in Inglewood?
No you do not need to own your home free and clear. You must have significant equity in the property. California law requires the home to be your primary residence and you must be at least 62 years old.
How does California law affect reverse mortgages in Inglewood?
California requires a three-day right of rescission after closing allowing you to cancel the loan without penalty. The state also mandates that lenders provide a clear disclosure of all fees and interest rates before you sign.