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 10 reverse mortgage specialists in Rancho Santa Margarita, 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.
Grand Lending Team
30211 Avenida de las Banderas # 200, Rancho Santa Margarita, CA 92688
9492025332
Universal Capital Mortgage Corporation
30211 Avenida de las Banderas #200, Rancho Santa Margarita, CA 92688
8007360565
Mike Mayyas - Mortgage Lender
Rancho Santa Margarita, CA 92688
9095324590
Pacific Choice Mortgage
30211 Avenida de las Banderas # 200, Rancho Santa Margarita, CA 92688
9496461091
Doug Betz Mortgage Lender, Realtor
30211 Avenida de las Banderas #200, Rancho Santa Margarita, CA 92688
9493159058
Sun Financial Group
30021 Tomas, Rancho Santa Margarita, CA 92688
9495995253
Golden State Financial Group
30211 Avenida de las Banderas #200, Rancho Santa Margarita, CA 92688
9492339180
Right Choice Mortgage, Inc
29829 Santa Margarita Pkwy Ste 100, Rancho Santa Margarita, CA 92688
9499006725
Next Generation Lender
22521 Avenida Empresa #100, Rancho Santa Margarita, CA 92688
9496063747
Mortgage Direct Corporation
30021 Tomas #300, Rancho Santa Margarita, CA 92688
9497094507
What Does a Reverse Mortgage Specialist in Rancho Santa Margarita Cost?
Typical costs for a reverse mortgage specialist in California include an origination fee of up to 2% of the home value, a mortgage insurance premium of 2% of the appraised value, and third-party fees for appraisal and title search. Total closing costs often range from 2,000 to 6,000 dollars. Costs vary by loan amount and lender. 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 Rancho Santa Margarita?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. The home must be the borrowers primary residence.
Are there specific California laws for reverse mortgage counseling?
Yes, California Civil Code Section 1923 requires a mandatory counseling session with a HUD-approved counselor before a reverse mortgage application can proceed. The counselor explains loan terms, costs, and alternatives.
What types of homes qualify for a reverse mortgage in Rancho Santa Margarita?
Single-family homes, condominiums, and townhouses qualify. Manufactured homes may qualify if they meet FHA standards. The property must be in good condition and pass an FHA appraisal.