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 6 reverse mortgage specialists in Yucaipa, 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.
Oak Tree Home Loans & Finance
12225 Bryant St, Yucaipa, CA 92399
6264978339
DMI Lending
34428 Yucaipa Blvd # E, Yucaipa, CA 92399
3236506334
Chase Home Lending
34318 Yucaipa Blvd, Yucaipa, CA 92399
7207290637
Valley View Mortgage, Inc
32829 Yucaipa Blvd # C, Yucaipa, CA 92399
9097979181
US Bank Mortgage
33740 Yucaipa Blvd, Yucaipa, CA 92399
8008722657
Happy Investments, Inc. Yucaipa CA
13653 Douglas St # 301, Yucaipa, CA 92399
9093445909
What Does a Reverse Mortgage Specialist in Yucaipa 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 of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from 2,000 to 6,000 dollars, depending on the property value and lender. Costs vary by situation. 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 specialist in Yucaipa?
A reverse mortgage specialist is a licensed professional who guides homeowners through the process of obtaining a Home Equity Conversion Mortgage (HECM). In California, these specialists must follow state and federal regulations, including mandatory counseling sessions.
What are the age requirements for a reverse mortgage in California?
In California, all borrowers must be at least 62 years old. This is a federal requirement for HECM loans. The youngest borrower on the title must meet this age requirement to qualify.
Do I need counseling before getting a reverse mortgage in California?
Yes, California law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives. The counselor must be independent of the lender.