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Directory of reverse mortgage specialists in Pacific Grove, California. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
Pacific Grove, 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 Pacific Grove, 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.
Ascend Mortgage
199 17th St suite f, Pacific Grove, CA 93950
8317471441
Terry Nance- Reverse Mortgage Specialist
306 1st St, Pacific Grove, CA 93950
8316579239
A reverse mortgage specialist in Pacific Grove, California helps seniors access home equity through a Home Equity Conversion Mortgage (HECM). California law requires mandatory counseling from a HUD-approved agency before you can apply. Pacific Grove residents often use these loans to supplement retirement income or pay for home improvements in this coastal community.
What Does a Reverse Mortgage Specialist in Pacific Grove Cost?
Costs for a reverse mortgage in California include an origination fee capped at $6,000, a HUD mortgage insurance premium of 2% of the appraised value upfront plus 0.5% annually, and third-party fees for appraisal, title search, and recording. Total closing costs typically range from $5,000 to $15,000. These fees are often financed into the loan so you pay no out-of-pocket costs at closing. 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 and who qualifies in Pacific Grove?
A reverse mortgage lets homeowners aged 62 and older convert part of their home equity into cash without selling. In California, you must own your home outright or have a low mortgage balance. You also need to live in the home as your primary residence and attend HUD-approved counseling.
Are there California-specific rules for reverse mortgages?
Yes. California requires a three-day right of rescission after closing, meaning you can cancel the loan for any reason within three business days. Lenders must also provide a detailed disclosure of all fees and terms before you sign. Non-borrowing spouses have special protections under California law if the borrowing spouse passes away.
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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.