FHA-Insured & Jumbo Options
You Keep Your Home
No Monthly Payments
Let your home pay you.
While you live in it.
For Southern California homeowners 55 and up.
Your Free Estimate
How old are you?
Reverse Mortgages: Simplified
Is This Right for Me?
What is a reverse mortgage?
A loan that pays you money out of your house. You stay in the home, your name stays on the title, and there is no monthly mortgage payment. It is paid back later, from the home, once you move out or pass away. The FHA-insured program starts at 62. Some California programs start at 55.
Do I still own my home?
Yes. Your name stays on the title, exactly as it is today. The lender records a lien, which is precisely what your current mortgage lender already holds. This is the single biggest myth about reverse mortgages.
How much money can I get from a reverse mortgage in California?
Usually between a third and a half of what your home is worth. Older homeowners get more. The standard program counts home value up to $1,249,125; homes worth more than that can qualify for larger amounts through a jumbo reverse mortgage. Use the free estimate above to see your range.
Do I have to make monthly payments on a reverse mortgage?
No required monthly mortgage payment. You still pay your property taxes and home insurance, like you do now. The loan is paid back from the home later, when you leave it.
Can my children still inherit my house?
Yes. They inherit it like any house with a mortgage on it. They can keep it by paying off the balance, or 95 percent of the appraised value if the balance grew past it, or sell it and keep whatever is left. They are never pursued for a shortfall. Read the full story here.
Who qualifies for a reverse mortgage in California?
Homeowners 62 and older for the FHA-insured program, and 55 and older for some California jumbo programs. You need real equity, usually about half the value. The lender checks you can keep up property taxes and insurance. Your credit score matters far less than on a normal mortgage.
How reverse mortgages actually work
Who qualifies, what it costs, and how you get paid.
Read the guide →Too young at 55? Not in California
Most lenders start at 62. Some California programs start at 55.
Read the guide →If your home is worth over $1.2 million
The FHA program stops counting there. A jumbo program does not.
Read the guide →