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 3 reverse mortgage specialists in Santa Fe Springs, 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.
Mortgage One Group
13353 Alondra Blvd Ste 214, Santa Fe Springs, CA 90670
7145155225
New American Funding - Santa Fe Springs
13244 Imperial Hwy., Santa Fe Springs, CA 90670
5622025936
Gregory Ross: Mortgage Advisor
12110 Slauson Ave suite 4, Santa Fe Springs, CA 90670
9495418952
What Does a Reverse Mortgage Specialist in Santa Fe Springs Cost?
Typical costs for a reverse mortgage in California include an origination fee up to 2.5% of the home value, a mortgage insurance premium of 2% of the appraised value, and third-party fees like appraisal and title search. Total closing costs often range from $5,000 to $15,000 depending on the home value and loan type. 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 Santa Fe Springs?
Borrowers must be at least 62 years old. This is a federal requirement for all Home Equity Conversion Mortgages insured by the FHA.
Do I need counseling before getting a reverse mortgage in California?
Yes, California law requires you to complete a counseling session with a HUD-approved counselor before applying. The counselor explains loan costs, alternatives, and risks.
Can I lose my home with a reverse mortgage in Santa Fe Springs?
Yes, you can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. California law does not change this federal requirement.