Find Reverse Mortgage Specialists Near You in Millbrae, CA
Compare reverse mortgage specialists in Millbrae. Review contact information and insurance categorys before you decide.
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 Millbrae, CA
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What Does a Reverse Mortgage Specialist in Millbrae Cost?
Typical costs for a reverse mortgage in California include an origination fee of up to 2 percent of the home value (capped at 6,000 dollars), a mortgage insurance premium of 2 percent of the appraised value, and third party fees such as appraisal and title search (usually 500 to 1,500 dollars). Closing costs often total between 3,000 and 8,000 dollars. 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 Millbrae?
You must be at least 62 years old to qualify for a HECM reverse mortgage in California. All borrowers listed on the title must meet this age requirement.
Do I need counseling before getting a reverse mortgage in California?
Yes, California law and federal rules require you to complete a counseling session with a HUD approved counselor. This session must happen before you submit your loan application.
Can I lose my home with a reverse mortgage in Millbrae?
You can lose your home if you fail to pay property taxes, maintain homeowners insurance, or keep the property in good repair. California law provides a 30 day notice period before foreclosure can begin.