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 5 reverse mortgage specialists in Ceres, 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.
Celena Villarreal
2840 Robmar Ct, Ceres, CA 95307
2096028030
Professional Mortgage Associates
3641 Mitchell Rd # A1, Ceres, CA 95307
2095381303
Fairway Independent Mortgage Corporation
2920 3rd St, Ceres, CA 95307
2096041824
Ramin Lewis Adam | Fairway Independent Mortgage Corporation Loan Officer
2920 3rd St, Ceres, CA 95307
2096890177
All Ways Mortgage
740 Bliss Rd, Ceres, CA 95307
2096042366
What Does a Reverse Mortgage Specialist in Ceres Cost?
Typical costs for a reverse mortgage in California include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party closing costs such as appraisal title and escrow fees. Total costs usually range from 2,000 to 8,000 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 are the age requirements for a reverse mortgage in Ceres California?
Borrowers must be at least 62 years old to qualify for a reverse mortgage in Ceres. The youngest borrower on the title must meet this age requirement. California law also requires that the home be the borrowers primary residence.
Do I need counseling before getting a reverse mortgage in California?
Yes California law mandates that all reverse mortgage applicants complete a counseling session with a HUD-approved counselor. This session covers loan terms costs and alternatives. The counseling must occur before the loan application is submitted.
What property types qualify for a reverse mortgage in Ceres California?
Eligible property types include single-family homes, condominiums approved by HUD, and manufactured homes that meet FHA standards. The property must be in good condition and located in Ceres or the surrounding area. Two-to-four unit properties may also qualify if the borrower occupies one unit.