ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists in Foster City, CA
Compare reverse mortgage specialists in Foster City. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Foster City, CA
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 3 reverse mortgage specialists in Foster City, 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.
303 Vintage Park Dr STE 120, Foster City, CA 94404
6502863800
Chase Home Lending
925 E Hillsdale Blvd, Foster City, CA 94404
6502249995
Reverse mortgage specialists in Foster City, California help homeowners aged 62 and older convert home equity into loan proceeds. California law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Foster City residents often use reverse mortgage funds to supplement retirement income or cover healthcare costs while remaining in their homes.
What Does a Reverse Mortgage Specialist in Foster City Cost?
In California, reverse mortgage costs include an origination fee capped at $6,000, a 2% upfront mortgage insurance premium, and an annual premium of 0.5% of the loan balance. Appraisal fees typically range from $400 to $800, and other closing costs may add $2,000 to $5,000. Total upfront costs often fall between $10,000 and $20,000, which can be rolled into the loan. 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 eligibility requirements for a reverse mortgage in Foster City?
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 you must complete a HUD-approved counseling session. California law also requires a financial assessment to ensure you can pay property taxes and insurance.
How does California law affect reverse mortgage proceeds?
California Civil Code Section 1923.5 mandates a three-day right of rescission after closing, allowing you to cancel the loan without penalty. Proceeds are generally tax-free and do not affect Social Security or Medicare benefits. However, they may impact Medi-Cal eligibility if proceeds are not spent within the same month.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Foster City who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the California.