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 5 reverse mortgage specialists in Pacifica, 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.
Direct Mortgage Funding
205 Rockaway Beach Ave #3, Pacifica, CA 94044
6505046487
Darlene Gonzalez at Citywide (NMLS #483911)
205 Rockaway Beach Ave #3, Pacifica, CA 94044
3124141151
Debra Gonzalez Citywide Home Mortgage nmls 1319762
205 Rockaway Beach Ave, Pacifica, CA 94044
4155957650
Jen Castaneda at Supreme Lending
235 Rockaway Beach Ave # 4, Pacifica, CA 94044
6502704663
Melissa Irish, Omni Fund, Inc.
1005 Terra Nova Blvd Ste A, Pacifica, CA 94044
6504558236
What Does a Reverse Mortgage Specialist in Pacifica Cost?
Typical costs for a reverse mortgage specialist 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 and title search. Total closing costs often range from 2,000 to 8,000 dollars. 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 eligibility requirements for a reverse mortgage in Pacifica?
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. California law requires a mandatory counseling session with a HUD-approved counselor before you can apply.
How does a reverse mortgage affect my heirs in California?
Heirs can keep the home by paying off the loan balance or selling the property. California law gives heirs 30 days after the last borrower dies to decide, with possible extensions. If the loan balance exceeds the home value, heirs owe no more than the appraised value.
Are reverse mortgage proceeds taxable in California?
No, reverse mortgage proceeds are not considered income by the IRS or the state of California. They are treated as a loan advance. However, interest on the loan is not deductible until you pay it back.