Find Reverse Mortgage Specialists Near You in Pinole, CA
Compare reverse mortgage specialists in Pinole. Review contact information and insurance categorys before you decide.
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
State Mortgage Licensing Authority of California before hiring.
Showing 7 reverse mortgage specialists in Pinole, CA
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What Does a Reverse Mortgage Specialist in Pinole Cost?
Typical costs for a reverse mortgage in California include an origination fee of up to 2 percent of the first 200,000 dollars of the home value plus 1 percent of the amount over 200,000 dollars, capped at 6,000 dollars. Third-party costs such as appraisal, title insurance, and recording fees usually range from 2,500 to 5,000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. These costs are often financed into the loan. 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 are the age requirements for a reverse mortgage in Pinole?
Borrowers must be at least 62 years old. For a HECM loan, all listed homeowners must meet this age requirement. California law does not allow younger spouses to be added as coborrowers on a reverse mortgage.
Do I need counseling before getting a reverse mortgage in California?
Yes, California law and federal HUD rules require all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan costs, alternatives, and financial implications. The counselor must be independent from the lender.
Can I lose my Pinole home with a reverse mortgage?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. California law requires lenders to verify your ability to meet these obligations before issuing the loan. You must also continue to live in the home as your primary residence.