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Browse reverse mortgage specialists serving Lomita, California. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Lomita, 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 Lomita, 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.
LA Gordon Mortgage Center
2350 250th St #10, Lomita, CA 90717
3232965539
Corban Financial Group
2075 Palos Verdes Dr N Ste 213, Lomita, CA 90717
9498139974
Golden State Mortgage
2244 CA-1 #106, Lomita, CA 90717
8005368171
Reverse mortgage specialists in Lomita California help homeowners aged 62 and older access home equity without monthly payments. California law requires mandatory counseling from a HUD-approved agency before you can obtain a Home Equity Conversion Mortgage or HECM. Lomita residents benefit from specialists familiar with local property values and the specific requirements of California reverse mortgage regulations.
What Does a Reverse Mortgage Specialist in Lomita Cost?
Typical costs for a reverse mortgage in California include an origination fee of 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 title and recording. Total closing costs often range from 3000 to 8000 depending on the loan amount and property. Ongoing costs include an annual mortgage insurance premium of 0.5 percent of the loan balance. 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 is a reverse mortgage specialist in Lomita California?
A reverse mortgage specialist is a licensed professional who guides homeowners through the HECM process. They explain loan terms costs and eligibility requirements specific to California. They do not provide legal advice but coordinate with counselors and lenders.
What are the eligibility requirements for a reverse mortgage in Lomita?
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 requires you to complete a HUD-approved counseling session before applying.
How does California law affect reverse mortgages in Lomita?
California requires that lenders provide a detailed disclosure of costs and terms at least three business days before closing. The state also mandates a right of rescission period of three days after signing. These rules protect borrowers and ensure informed decision making.
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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.