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 Santa Paula, 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.
Triple C Mortgage Inc
138 N 10th St, Santa Paula, CA 93060
8059338100
Silver Mortgage Group Santa Paula
330 W Harvard Blvd suite b, Santa Paula, CA 93060
8054799283
Chase Mortgage
539 W Harvard Blvd, Santa Paula, CA 93060
8059339073
What Does a Reverse Mortgage Specialist in Santa Paula 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 6000 dollars. Closing costs such as appraisal, title search, and recording fees range from 2000 to 5000 dollars. Mortgage insurance premiums are 2 percent of the home value upfront plus 0.5 percent annually. Costs vary by loan amount 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 qualifications does a reverse mortgage specialist in Santa Paula need?
A specialist must hold a valid California mortgage loan originator license. They should also have knowledge of HUD rules for Home Equity Conversion Mortgages. Experience with local property values in Ventura County is helpful.
Are reverse mortgages regulated differently in California?
Yes, California has specific laws for reverse mortgages. Lenders must provide a detailed disclosure and a right of rescission period of three business days. Borrowers must also complete a counseling session with a HUD-approved agency.
What are the age requirements for a reverse mortgage in Santa Paula?
All borrowers on the title must be at least 62 years old. The home must be the primary residence. There are no income requirements, but borrowers must keep current on property taxes and insurance.