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Reverse Mortgage Specialists in Monterey Park, CA

Browse reverse mortgage specialists serving Monterey Park, California. Contact information and addresses listed below.

3 agents listed
Updated May 2026
Monterey Park, 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 Monterey Park, 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.
Joann Wong, Mortgage Broker NMLS #1537282
300 S Garfield Ave Ste 201, Monterey Park, CA 91754
6268643414
Geo-Corp, Inc.
901 Corporate Center Dr #401, Monterey Park, CA 91754
3239801010
Grand Pacific Financing Corp
901 Corporate Center Dr Suite 300, Monterey Park, CA 91754
3237808881

A reverse mortgage specialist in Monterey Park California helps homeowners aged 62 and older convert home equity into tax-free funds. California law requires all reverse mortgage originators to hold a valid license and complete mandatory counseling with a HUD-approved agency. Specialists in Monterey Park understand local property values and can guide clients through the unique requirements of California reverse mortgage transactions.

What Does a Reverse Mortgage Specialist in Monterey Park Cost?

Typical costs for a reverse mortgage in California include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third-party costs such as appraisal title insurance and escrow fees range from 2000 to 5000 dollars. Borrowers also pay an upfront mortgage insurance premium of 2 percent of the home value. These costs can be 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 qualifications does a reverse mortgage specialist need in California?
In California a reverse mortgage specialist must hold a valid Mortgage Loan Originator license and complete annual continuing education. They must also ensure borrowers receive HUD-approved counseling before any loan application.
Are reverse mortgages regulated differently in California?
Yes California has specific laws including a mandatory three-day right of rescission after loan closing. The state also requires lenders to verify that borrowers have the financial ability to pay property taxes and insurance.