Compare Reverse Mortgage Specialists in Placentia, CA
Compare reverse mortgage specialists in Placentia. 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 7 reverse mortgage specialists in Placentia, CA
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What Does a Reverse Mortgage Specialist in Placentia Cost?
Typical costs for a reverse mortgage in California include an origination fee up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party costs like appraisal and title fees totaling $2,000 to $5,000. Annual servicing fees are usually capped at $35 per month. These costs are often rolled into the loan balance. 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 are the age requirements for a reverse mortgage in Placentia California?
Borrowers must be at least 62 years old. For a HECM loan, all titleholders must meet this age requirement. California law does not allow exceptions for younger spouses.
Do I need counseling before getting a reverse mortgage in California?
Yes. California requires all reverse mortgage applicants to complete a counseling session with a HUD-approved agency. This session must occur before you submit your loan application.
What is the maximum loan amount for a reverse mortgage in Placentia?
The maximum claim amount for a HECM in 2024 is $1,149,825. However the actual amount you can borrow depends on your age home value and current interest rates. California law also limits origination fees.