SeniorHomes.net has partnered with some of the nation's top reverse mortgage lenders helping California homeowners by providing them a way of staying in their homes while tapping into their equity. Most HECM lenders will only lend to seniors who have 60% LTV or lower.
California Reverse Mortgage Lenders
The requirements are relatively simple when compared to a traditional mortgage.
Homeowner 62 or older (if multiple borrowers, at least one must be 62)
Property must be a single family home or a 2-4 unit home with the borrower living in one of the units.
Important Information: Reverse Mortgages are neither "endorsed" nor "approved" by the Federal Government. The FHA (Federal Housing Administration) provides certain insurance benefits for lenders and borrowers in connection with the lender’s HECM loans; the FHA does not make or originate loans. It is strongly advised that you consult with your family and / or trusted financial planner when considering any reverse mortgage loan.