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Find Reverse Mortgage Specialists in Scotts Valley, CA
Browse reverse mortgage specialists serving Scotts Valley, California. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Scotts Valley, 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 Scotts Valley, 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.
Bay Equity Home Loans
Scotts Valley Dr, Scotts Valley, CA 95066
8314610100
Mortgage 831
5521 Scotts Valley Dr #110, Scotts Valley, CA 95066
8315887201
Scotts Valley Mortgage
5321 Scotts Valley Dr, Scotts Valley, CA 95066
8314383306
A reverse mortgage specialist in Scotts Valley California helps homeowners aged 62 and older access home equity without monthly payments. California law requires borrowers to complete HUD approved counseling before applying for a Home Equity Conversion Mortgage. Scotts Valley residents can use these funds for home improvements healthcare or daily expenses while retaining home ownership.
What Does a Reverse Mortgage Specialist in Scotts Valley 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. Third party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Ongoing costs include mortgage insurance premiums of 0.5 percent of the loan balance annually and servicing fees of about 30 to 35 dollars per month. Actual costs vary by loan amount property value 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 is a reverse mortgage specialist in Scotts Valley California?
A reverse mortgage specialist is a licensed professional who guides homeowners through the HECM loan process. They explain eligibility requirements loan terms and repayment rules under California and federal law. The specialist does not provide financial advice but helps with loan application steps.
What are the age and property requirements for a reverse mortgage in 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 be a single family home HUD approved condo or manufactured home. California law does not allow reverse mortgages on rental properties or second homes.
How does California law protect reverse mortgage borrowers?
California Civil Code Section 1923.5 requires a three day right of rescission after loan closing. Lenders must disclose all fees interest rates and repayment terms in writing. Borrowers also must complete a counseling session with a HUD approved counselor before the loan is approved.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the California.