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 12 reverse mortgage specialists in Escondido, 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.
Chris Wagner - American Pacific Mortgage
401 S Ivy St, Escondido, CA 92025
7608457350
Robison Home Loans
128 E Grand Ave #212, Escondido, CA 92025
8582645748
Countywide Mortgage Lending
100 S Escondido Blvd, Escondido, CA 92025
7607467388
Jim Kabellis
411 S Ivy St, Escondido, CA 92025
7607433290
Paul Donovan- The Donovan Group/ HFC Lending
500 La Terraza Blvd Suite 150 #6157, Escondido, CA 92025
7609890444
David Cummins, American Pacific Mortgage
411 S Ivy St, Escondido, CA 92025
6195086496
Stacy Hunjadi - Arbor Financial
1802 S Escondido Blvd STE D, Escondido, CA 92025
9496898089
California Reverse Mortgage
243 S Escondido Blvd #2004, Escondido, CA 92025
8888870492
Fouts Financial
27734 Granite Ridge Rd, Escondido, CA 92026
8585871400
Borna Eftekari Senior Mortage Loan Officer
425 W 5th Ave Ste 205, Escondido, CA 92025
8582258586
Becky Smith Home Loans
330 W Felicita Ave # E5, Escondido, CA 92025
7607373000
Hii Loans Escondido Ca
243 S Escondido Blvd #537-L, Escondido, CA 92025
7605462429
What Does a Reverse Mortgage Specialist in Escondido Cost?
Typical costs for a reverse mortgage specialist in California include an origination fee up to $6,000 a mortgage insurance premium of 2% of the appraised value and third-party fees for appraisal title and escrow. Total closing costs often range from $8,000 to $15,000 but can vary based on loan size and property value. 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 eligibility requirements for a reverse mortgage in Escondido California?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet FHA property standards. California law also mandates a mandatory counseling session with a HUD-approved counselor.
How much can I borrow with a reverse mortgage in Escondido?
The amount depends on your age the appraised home value and current interest rates. In California the maximum claim amount for a HECM loan is $1,089,300 as of 2024. Older borrowers generally qualify for a higher percentage of their home equity.
Are reverse mortgage proceeds taxable in California?
No reverse mortgage proceeds are not considered taxable income by the IRS or the state of California. However interest on the loan is not tax deductible until the loan is repaid. Consult a tax professional for your specific situation.