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 Moorpark, 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.
Pennymac
6101 Condor Dr, Moorpark, CA 93021
8665493583
Moorpark Lending Services
12421 Willow Hill Dr, Moorpark, CA 93021
8054443129
PRMG
484 E Los Angeles Ave #230, Moorpark, CA 93021
8053411739
What Does a Reverse Mortgage Specialist in Moorpark Cost?
Typical costs for a reverse mortgage specialist in California include an origination fee up to 2 percent of the home value with a cap of 6000 dollars. Third-party fees such as appraisal title and recording can range from 2000 to 5000 dollars. The HUD mortgage insurance premium is 2 percent of the appraised value upfront plus an annual premium of 0.5 percent. Costs vary by 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 does a reverse mortgage specialist in Moorpark do?
A reverse mortgage specialist in Moorpark helps seniors evaluate if a HECM loan fits their needs. They explain eligibility requirements, loan costs, and how the loan affects heirs. Specialists also coordinate with HUD-approved counselors as required by California law.
Are there California-specific rules for reverse mortgages?
Yes California requires mandatory HUD counseling before applying for a reverse mortgage. The state also mandates a 3-day right of rescission after closing. Lenders must provide clear disclosure of loan terms and total annual loan cost rates.
How does a reverse mortgage affect my Moorpark property taxes?
A reverse mortgage does not change your property tax obligations. You must continue to pay property taxes and homeowners insurance. Failure to pay taxes can lead to loan default and foreclosure under California law.