ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists in Pismo Beach, CA
Directory of reverse mortgage specialists in Pismo Beach, California. Verify credentials with the state mortgage licensing authority before hiring.
4 agents listed
Updated May 2026
Pismo Beach, 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 4 reverse mortgage specialists in Pismo Beach, 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.
loanDepot
320 James Way #280, Pismo Beach, CA 93449
8053947160
CORE Home Loans
310 James Way 210 2nd Floor, Pismo Beach, CA 93449
5598082673
Mike Mizrahi
350 James Way #130, Pismo Beach, CA 93449
8057482112
Movement Mortgage
350 James Way #130, Pismo Beach, CA 93449
8773141499
A reverse mortgage specialist in Pismo Beach helps homeowners aged 62 and older convert part of their home equity into tax-free funds without selling their property. California law requires borrowers to complete HUD-approved counseling before obtaining a reverse mortgage. Pismo Beach residents often use these loans to supplement retirement income or cover home improvements while staying in their coastal homes.
What Does a Reverse Mortgage Specialist in Pismo Beach Cost?
Typical costs for a reverse mortgage in California include an origination fee of up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from $5,000 to $15,000. These costs can be 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 eligibility requirements for a reverse mortgage in Pismo Beach?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence, and you must attend a HUD-approved counseling session. California law also requires lenders to verify your ability to pay property taxes and insurance.
How does a reverse mortgage affect my heirs in California?
Heirs can choose to repay the loan by selling the home or refinancing. If the loan balance exceeds the home value, heirs are not personally liable for the difference under California non-recourse laws. They have 30 days after receiving a notice of default to decide how to proceed.
Are reverse mortgage proceeds taxable in California?
Loan proceeds are not considered income and are not subject to California state income tax. However, interest on the loan is not tax-deductible until you pay it back. Consult a tax professional for your specific situation.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Pismo Beach who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.