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Directory of reverse mortgage specialists in Gilroy, California. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
Gilroy, 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 2 reverse mortgage specialists in Gilroy, 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.
Alison Andrus at Guaranteed Rate Affinity (NMLS #1118471)
8050 Santa Teresa Blvd Unit 210, Gilroy, CA 95020
8316621857
Chase Home Lending
1177 1st St, Gilroy, CA 95020
9259985478
A reverse mortgage specialist in Gilroy California helps homeowners aged 62 and older access home equity without monthly payments. California law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Gilroy residents can use these funds for home repairs, medical expenses, or supplementing retirement income while staying in their homes.
What Does a Reverse Mortgage Specialist in Gilroy 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 fees for appraisal and title search. For a home valued at $500,000, total closing costs often range from $10,000 to $15,000. These costs can be financed 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 age requirements for a reverse mortgage in Gilroy California?
Borrowers must be at least 62 years old. The home must be the primary residence. California law also requires a financial assessment to ensure the borrower can pay property taxes and insurance.
Are reverse mortgage proceeds taxable in California?
In California, reverse mortgage proceeds are not considered taxable income. They are treated as loan advances. However, interest on the loan is not deductible until the loan is repaid.
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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.