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 Solana 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.
Greg Wynn - Mortgage Broker
514 Via De La Valle UNIT 202, Solana Beach, CA 92075
6195509885
Stone Bridge Mortgage
514 Via De La Valle UNIT 202, Solana Beach, CA 92075
8003730672
Synergy One Lending NMLS #247008
990 Highland Dr #302, Solana Beach, CA 92075
7605222298
Coastal Pacific Mortgage Corporation
251 La Barranca Dr, Solana Beach, CA 92075
6199814854
Steve O'Brien
514 Via De La Valle, Solana Beach, CA 92075
8582543694
What Does a Reverse Mortgage Specialist in Solana Beach Cost?
Typical costs for a reverse mortgage in California include an origination fee (up to 2 percent of the home value, capped at 6,000 dollars), a mortgage insurance premium (2 percent of the appraised value upfront plus 0.5 percent annually), and third-party fees such as appraisal (450 to 600 dollars) and title insurance (1,000 to 2,500 dollars). Total closing costs often range from 5,000 to 15,000 dollars. 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 Solana Beach?
Borrowers must be at least 62 years old. For a HECM reverse mortgage, all owners listed on the title must meet this age requirement. California law does not allow exceptions to this federal rule.
Do I need to own my home free and clear to qualify in California?
No. You can have an existing mortgage or other liens. The reverse mortgage will pay off those debts first. You must have significant equity, typically at least 50 percent of the home value.
How does California law affect reverse mortgage proceeds?
California Civil Code Section 1923.2 requires lenders to provide a detailed disclosure statement. Proceeds are generally tax-free and do not affect Social Security or Medicare, but may impact Medi-Cal eligibility. Consult a financial advisor for your specific situation.