Find Reverse Mortgage Specialists in San Rafael, CA
Compare reverse mortgage specialists in San Rafael. 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 20 reverse mortgage specialists in San Rafael, 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.
What Does a Reverse Mortgage Specialist in San Rafael Cost?
Typical costs for a reverse mortgage specialist in California include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Third-party charges such as appraisal title insurance and recording fees usually range from 2000 to 5000 dollars. Counseling fees are generally 125 to 250 dollars. All costs vary by loan size and lender. 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 eligibility requirements for a reverse mortgage in San Rafael California?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the primary residence, and a HUD-approved counseling session is required before application. California law also mandates a three-day right of rescission after closing.
How does a reverse mortgage specialist in San Rafael help with California law?
A specialist explains California-specific rules like the mandatory counseling and the prohibition on cross-collateralization with other loans. They also help ensure the loan meets state disclosure requirements for senior homeowners. This guidance helps borrowers avoid common pitfalls under California finance laws.