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 10 reverse mortgage specialists in Arroyo Grande, 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.
Mariner Mortgage: Michael Hahlbeck, Mortgage Broker NMLS #323143
701 E Grand Ave, Arroyo Grande, CA 93420
8055504287
EquityReach Mortgage Solutions
1303 E Grand Ave #111, Arroyo Grande, CA 93420
8052022100
Sure Mortgage Solutions
124 S Halcyon Rd # B, Arroyo Grande, CA 93420
8054891257
Taylor Nevitt Pacific Coast Mortgage Group Inc.
136 Bridge St Suite B, Arroyo Grande, CA 93420
8052608177
Pacific Coast Mortgage Group Inc.
136 Bridge St Suite B, Arroyo Grande, CA 93420
8054783540
Reverse Mortgage
1248 E Grand Ave, Arroyo Grande, CA 93420
8054591547
Envoy Mortgage - Arroyo Grande, CA
1174 E Grand Ave, Arroyo Grande, CA 93420
8059441733
O'C Home Loans
1248 E Grand Ave Suite E, Arroyo Grande, CA 93420
8054591547
US Bank Mortgage
1230 E Grand Ave Arroyo, Arroyo Grande, CA 93420
8008722657
Mariner Mortgage
701 E Grand Ave, Arroyo Grande, CA 93420
8054896802
What Does a Reverse Mortgage Specialist in Arroyo Grande Cost?
Reverse mortgage specialists in California charge origination fees, third-party costs, and servicing fees. Origination fees are capped at 2% of the first $200,000 of home value plus 1% of the amount above $200,000, with a maximum of $6,000. Third-party costs like appraisal and title search range from $500 to $2,500. Annual mortgage insurance premiums are 0.5% of the loan balance. 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 age requirements for a reverse mortgage in Arroyo Grande?
Borrowers must be at least 62 years old. For couples, both spouses must meet this age requirement if they are on the title. California law follows federal HUD guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in California?
Yes, California law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan costs, alternatives, and repayment terms. The counselor must be independent from the lender.
What happens to the loan when I move or sell my home in Arroyo Grande?
The reverse mortgage becomes due when you sell the home, move out permanently, or pass away. In California, you typically have 12 months to repay the loan or sell the property. Heirs can also choose to pay off the loan and keep the home.