Find Reverse Mortgage Specialists in Tiburon, CA
Looking for a reverse mortgage specialist in Tiburon? Review the directory below to compare your options.
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 3 reverse mortgage specialists in Tiburon, 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 Tiburon Cost?
Typical costs for a reverse mortgage specialist in California include an origination fee up to 2 percent of the first 200 thousand dollars of home value plus 1 percent of the amount above that. Other fees include appraisal 400 to 600 dollars and counseling 125 to 150 dollars. Closing costs such as title insurance and recording fees add 2 000 to 5 000 dollars. 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 need in California?
In California reverse mortgage specialists must hold a valid mortgage loan originator license through the Department of Financial Protection and Innovation. They must also complete annual continuing education on reverse mortgage rules.
Is counseling required before getting a reverse mortgage in Tiburon?
Yes. California law requires all borrowers to attend a counseling session with a HUD-approved counselor before applying. This session covers loan terms costs and alternatives. It must occur at least 30 days before loan closing.
What are the age and equity requirements for a reverse mortgage in California?
Borrowers must be at least 62 years old. The home must be the primary residence and have sufficient equity. In California there is no income requirement but the lender will check ability to pay property taxes and insurance.