Reverse Mortgage Specialists in Petaluma, CA

A reverse mortgage specialist in Petaluma, California helps seniors aged 62 and older convert part of their home equity into tax-free funds. In California, borrowers must complete a mandatory counseling session with a HUD-approved counselor before applying. Petaluma homeowners can use these funds for home repairs, medical expenses, or supplementing retirement income, while still retaining ownership of their property.

What Does a Reverse Mortgage Specialist in Petaluma 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 $6,000. Other costs include a mandatory HUD counseling fee of about $125 to $250, an appraisal fee of $400 to $600, and closing costs such as title insurance and recording fees. Total upfront costs often range from $2,000 to $8,000, depending on the loan size and property value. 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.

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