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 6 reverse mortgage specialists in Los Alamitos, 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.
Premier Wholesale Mortgage Inc.
4332 Cerritos Ave #208, Los Alamitos, CA 90720
8889582409
CLS Financial
4450 W Cerritos Ave, Los Alamitos, CA 90720
5625946884
Jesse Rivera - Prospect Lending
11140 Los Alamitos Blvd #201, Los Alamitos, CA 90720
5625766885
Prospect Lending
11140 Los Alamitos Blvd #201, Los Alamitos, CA 90720
5624448448
American Bankers Mortgage
5242 Katella Ave # 205, Los Alamitos, CA 90720
9493100057
Advantage One Home Loans
3347 W Cerritos Ave, Los Alamitos, CA 90720
7146468883
What Does a Reverse Mortgage Specialist in Los Alamitos Cost?
Typical costs for a reverse mortgage in California include an origination fee (up to 2.5% of the home value, capped at $6,000), a mortgage insurance premium (2% of the appraised value upfront, plus 0.5% annually), appraisal fees ($400 to $800), and closing costs ($1,500 to $3,000). Total costs vary by loan amount 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 is a reverse mortgage specialist in Los Alamitos?
A reverse mortgage specialist is a licensed professional who guides homeowners through the HECM process. They explain loan terms, eligibility, and repayment rules specific to California.
What are the eligibility requirements for a reverse mortgage in California?
Borrowers must be at least 62 years old, own their home outright or have a low mortgage balance, and live in the property as their primary residence. A HUD-approved counseling session is mandatory.
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 deductible until the loan is repaid.