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 12 reverse mortgage specialists in West Covina, 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.
Super Mortgage Bros
1900 W Garvey Ave S #100, West Covina, CA 91790
6262001838
David Martinez Mortgage Team
100 N Citrus St #638, West Covina, CA 91791
8183210024
GM Brokerage Home Loans
150 N Grand Ave #208, West Covina, CA 91791
6263467177
CrossCountry Mortgage, LLC
100 N Citrus St Suite 340, West Covina, CA 91791
8006507644
AQHL Bancorp DBA Prime Equity Mortgage
100 N Citrus St #638, West Covina, CA 91791
6268256565
Jesse Rivera, Loan Officer
104 S Glendora Ave, West Covina, CA 91790
6266003095
1st American Mortgage Corporation
100 Barranca Ave 7TH FLOOR, West Covina, CA 91791
6264836280
Angel Torres - O1ne Mortgage
1906 W Garvey Ave S #200, West Covina, CA 91790
5623605514
Luis & Steven- Real Estate Services
104 S Glendora Ave, West Covina, CA 91790
6268276611
O1NE MORTGAGE INC
1906 W Garvey Ave S #200, West Covina, CA 91790
6263238860
California Mortgage Brokers Inc.
150 N Grand Ave Ste 204, West Covina, CA 91791
6262488007
Team Carlos Flores, Mortgage Advisor MLO 238306
100 N Citrus St Suite 340, West Covina, CA 91791
8006507644
What Does a Reverse Mortgage Specialist in West Covina Cost?
Typical costs for a reverse mortgage in California include an origination fee of up to 2 percent of the home value a mortgage insurance premium of 2 percent upfront and 0.5 percent annually plus appraisal title and recording fees. Total closing costs often range from 4,000 to 8,000 for a standard HECM loan. Costs vary by lender loan amount and property value. 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 is a reverse mortgage and who can get one in West Covina?
A reverse mortgage is a loan for homeowners aged 62 or older that lets you borrow against your home equity. In California you must first complete a counseling session with a HUD-approved counselor. The loan becomes due when you move out sell the home or pass away.
Are there specific California rules for reverse mortgages?
Yes California has a mandatory three-day right of rescission after signing loan documents. Lenders must also provide a detailed cost comparison and a statement of total annual loan costs. These rules help protect seniors from high-pressure sales tactics.
How does a specialist help with a reverse mortgage in West Covina?
A specialist explains the loan terms costs and repayment obligations. They help you compare different lenders and loan types such as the HECM or proprietary jumbo loans. They also coordinate with your counselor and ensure all California disclosures are completed.