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Compare reverse mortgage specialists in La Palma. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
La Palma, CA
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 La Palma, 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.
Legacy Home Mortgage Inc
6 Centerpointe Dr #700, La Palma, CA 90623
3109620609
The OC Mortgage Dude
6 Centerpointe Dr #700, La Palma, CA 90623
9493461731
Eddie Villalobos
6 Centerpointe Dr #700, La Palma, CA 90623
5622809615
A reverse mortgage specialist in La Palma California can guide homeowners aged 62 and older through the process of converting home equity into loan proceeds. California law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Specialists help explain how the loan affects your home title and your obligations to pay property taxes and insurance.
What Does a Reverse Mortgage Specialist in La Palma Cost?
Typical costs for a reverse mortgage in California include an origination fee of up to 2 percent of the home value or a maximum of 6000 dollars. There are also closing costs like appraisal fees around 400 to 800 dollars and mortgage insurance premiums of 2 percent of the home value upfront plus 0.5 percent annually. Counseling costs are usually 125 to 150 dollars but may be waived. These costs vary by lender and loan type. 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 does a reverse mortgage specialist do in La Palma California?
A reverse mortgage specialist helps you understand the terms of a Home Equity Conversion Mortgage or HECM. They explain eligibility requirements, loan costs, and how the loan must be repaid. In California, the specialist must follow state and federal rules including a mandatory counseling session.
What are the California requirements for a reverse mortgage?
In California, you must be at least 62 years old and own your home. You must complete HUD-approved counseling before applying. The loan must be repaid when you sell the home, move out permanently, or pass away. California also limits certain fees and requires clear disclosures.
How does a reverse mortgage affect my home ownership in La Palma?
You keep the title to your home as long as you live there and meet loan obligations like paying property taxes and homeowners insurance. The loan is secured by your home and must be repaid when you leave. California law protects you from owing more than the home is worth if the loan is a HECM.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the California.