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 8 reverse mortgage specialists in Truckee, 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.
Home Loans with Vic & Jen
12277 Soaring Way #107, Truckee, CA 96161
5305829992
Guild Mortgage - Katie Rice
11050 Pioneer Trail #201, Truckee, CA 96161
5305829991
Guild Mortgage - Chelsy Delia
11050 Pioneer Trail #201, Truckee, CA 96161
5305829991
Academy Mortgage
12242 Business Park Dr suite 2, Truckee, CA 96161
5307631326
Guild Mortgage Company
11050 Pioneer Trail #201, Truckee, CA 96161
5305829991
Sierra Mountain Mortgage Inc
10098 Jibboom St # 201, Truckee, CA 96161
5305873277
Sierra Pacific Mortgage
10075 W River St # 203, Truckee, CA 96161
9168506014
Summit Mortgage
10095 Dorchester Dr STE F, Truckee, CA 96161
5305826950
What Does a Reverse Mortgage Specialist in Truckee Cost?
Typical costs for a reverse mortgage specialist in California include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal and title search. Total closing costs often range from 5,000 to 15,000 dollars depending on the home value and loan type. 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 qualifications does a reverse mortgage specialist need in California?
In California, reverse mortgage specialists must hold a valid Mortgage Loan Originator license and complete annual continuing education. They must also follow state and federal rules for HECM loans, including providing clear disclosures about loan terms and costs.
Are there income or credit requirements for a reverse mortgage in Truckee?
Yes, lenders review your income, credit history, and property taxes to ensure you can pay ongoing costs like insurance and taxes. You must also attend a counseling session approved by HUD to confirm you understand the loan.
Can I lose my Truckee home with a reverse mortgage?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. California law requires lenders to provide a notice of delinquency and a 30-day cure period before starting foreclosure.