Home / Lenders / Reverse Mortgage Lenders, California

This rate option will give you access to more cash proceeds over the life of the loan than any other product option available. You will notice that there is a line of credit available after 12 months which will allow you to receive the most money possible in the first 12 months. If your number one goal with the Reverse Mortgage is to get your hands on as much money as possible this is the option for you.

If your priority is to preserve as much equity in your home while still leaving access to a line of credit to have in case of an emergency this is the product you would want to choose. If you review the amortization schedule for this product, you will see that over the years your outstanding loan balance with this selection will be lower than the other product options.

With this product option you will keep your closing costs as low as possible in order to establish your Reverse Mortgage. If you are most concerned with the costs to set up the loan and less concerned with the amount of proceeds you will receive, this is the product I would recommend for you.

As the name indicates this is a Fixed Rate loan option. Your rate would never be subject to change if you choose and close on this product option. This is the option you would select if your biggest priority was to secure a rate that would not be subject to change. Fixed Rate loans are a single disbursement lump sum so there is no option for a credit line. Depending on your individual circumstances, a Fixed Rate loan option may not provide you with as much available loan proceeds as one of the adjustable products so you will want to compare the amount of proceeds available when making your decision.

If your current home value is higher than $1.25 Million, this is a product you will want to look at in comparison to the Government product. The Government Insured Reverse Mortgage has a maximum value currently of $679,650. This means that any additional value above that figure is not factored into the loan amount calculation. Having a value higher than $679,650 does not prohibit you from still considering the Government Product, but at higher home values, this product may provide you with significantly more funds available than the Government Product can. There is no Mortgage Insurance Premium on this product so the closing costs are usually lower for this product in most cases. This is a Fixed Rate product so the proceeds are given as a lump sum only in lieu of the option for a credit line. If you have a larger existing mortgage or are looking to receive additional proceeds above what the Government product can provide, this is the best option to accomplish that goal.

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Great! It looks like your home value estimate is about $~hvalue~. If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

I was unable to fetch a home value for the property details given. Please input the value manually below. If you presently have an existing mortgage on your home this info will be needed as well.

About Line of Credit

Your Reverse Mortgage Line of Credit is subject to the Line of Credit Growth calculation. The Line of Credit Growth Rate is the combination of your Initial Loan Rate and the Mortgage Insurance Renewal Rate. The Line of Credit Growth Calculation is based on how much money is available in your Line of Credit that has not yet been advanced. If you advance 100% of the funds in your Line of Credit, there would be no further growth as there would be no remaining funds available in your Line of Credit. Your Line of Credit Growth Rate is variable because the Initial Loan Rate is a variable that is subject to change once per year on an Annual Adjustable Loan.

About Cash at Closing

HUD guidelines limit the amount of money that you are allowed to receive at time of closing and during the first 12 months after the loan has been closed. This dollar amount is how much money would become available to you from the Line of Credit once you reach 12 months from the day your loan closes based on the estimated figures you have provided for this calculator.

About Loan Balance

Your Reverse Mortgage Loan Balance will increase over time as you are not required to make any monthly mortgage payments with a Reverse Mortgage loan. The Interest and Mortgage Insurance Renewal will accumulate based on the outstanding Loan Balance. You can make payments on the Reverse Mortgage to prevent this balance from increasing if you want to, but it is not required. The Reverse Mortgage loan is a Non-Recourse loan which means you cannot owe more than the value of your home.

About Property Value

This calculation is based on the standard HUD disclosure of 4% per year expected property value appreciation. This is not a guarantee of what your home value will be in the future and is just for illustration purposes only. Your Property Value will adjust up or down as the local real estate market conditions dictate.

About Home Equity

Home Equity is the difference of your Property Value minus your Loan Balance. This is also a calculation for illustration purposes only and not a guarantee of what your home equity will be in the future. Your Home Equity will vary depending on how much your Loan Balance becomes compared to what your Property Value is at any given time in the future.

About Existing Mortgage

If your home currently has a mortgage, please specify the full amount balance in the existing mortgage field.

Doc Preparation

This is a 3rd party service selected by the Lender that is responsible for preparing the final closing documents which include the note, deed of trust, agreement, etc. They are responsible for making sure that the documents are in compliance with local and federal guidelines.

Flood Certification

This is a 3rd party service that is responsible for ascertaining whether or not a property is located in a Flood Zone as determined by FEMA and provides a Life of Loan determination/guarantee

Mortgage Insurance Premium or MIP

This is the fee that is paid directly to HUD at closing of the loan to insure the individual loan under the HECM program.

Settlement or Closing Fee

This is a 3rd party service that is responsible for handling the settlement or closing of the loan. They work with the title company to get the public records information, they work with existing lenders to obtain payoffs, coordinate with the lenders for funding and the counties for recording of the loan.

Counseling Fee

This is a 3rd party service that is providing the counseling session to each Reverse Mortgage applicant in the beginning stage of the process. This is a HUD requirement in order to start the Reverse Mortgage process. The counselors are tasked with educating the borrowers about Reverse Mortgages as well as determining if there are any other types of financing they may qualify for.

Appraisal Fee

This is a 3rd party service again as well. The appraisal fee goes to an Appraisal Management Company or AMC. Their responsibility is to assign the appraisal order to a local FHA approved appraiser in the same market area as the property of the Reverse Mortgage borrower and to be the go-between for the Lender and the appraiser to maintain appraiser independence. They also are required to review all appraisals for errors or omissions prior to delivering the report to the Lender.

Credit Report

This is another 3rd party service. The credit company is required to provide a full credit report from all 3 bureaus (Experian, Transunion & Equifax) for each Reverse Mortgage applicant to determine the borrower’s credit scores, credit history and any delinquencies or public record items. This is a necessary step in the process as a Lender must review a borrower’s credit history for specific items to determine eligibility into the program.

Lender’s Title Insurance

This is a 3rd party service that is required for any type of loan that is done and is not specific to Reverse Mortgages. For every loan done, a title report must be obtained from a Title Company and the company has to insure the Lender in the transaction for the required dollar amount based on appraised value, etc. The fee for title insurance usually varies by loan type and from state to state.

Endorsements

Lenders require various different types of endorsements to the title policy based on the type of loan being given. For a Reverse Mortgage, some endorsements that are required are the Neg-Am and Environmental and in order to provide these endorsements to the policy, there are usually additional charges. Other such endorsements that are required can vary based on property type (ex. Condo, PUD, Manufactured Home). The charges for these endorsements will vary from state to state.

Recording Charges Mortgage

Whenever a new loan is completed, the Security Instruments (Deeds of Trust or Mortgage – verbiage varies from state to state) must be recorded with the county recorder’s office to finalize the transaction. There is always a charge to record documents and that is why there is a Recording fee for all loans. Recording charges can vary from County to County and State to State as well.

Notary

All final loan documents must be executed in front of a notary as there are documents that require notarization such as the deed of trust. This is a 3rd party service and is based on the amount that the signing service will charge to handle the signing and notarization of all necessary documents.

Initial Draw From You Credit Line

The quote and pricing terms on this page are based on a max initial lump sum. If you would like to receive a lesser amount at closing than is shown, please enter that amount in the box below and click on calculate

California Reverse Mortgage Lenders

All Reverse Mortgage® is a HUD approved lender working directly with homeowners through all of California. All Reverse began in November 2007 and as the name implies, the only loan product that All Reverse Mortgage® originates is the federally-insured home equity conversion mortgage.

For over a decade we have been offering our reverse mortgages to CA homeowners and maintain an Exemplary A+ Rating by the BBB.
We are proud to have become California's #1 rated reverse mortgage lender with a perfect 5.0-5.0 star rating.

California Reverse Mortgage Facts

california lenders state map

State	Homeowners Age 62+	Reverse Mortgages Closed Last 12 Months	Purchase Reverse Mortgages Closed Last 12 Months	Lenders in California	Avg. Home Value
California	2,538,456	11,069	423	923	$458,233

HUD Approved Direct Lender

All Reverse Mortgage® is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or "Heck-um"). The HECM is HUD's acronym for their reverse mortgage loan.

All Reverse Mortgage® originates in California and closes both refinance loans, where borrowers already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment, utilize their equity for other purposes if they have no existing loan, or possibly a combination of both

About All Reverse Mortgage®

The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well. We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer lower Principal Limits as they relate to home values, though, so not all borrowers are best served with the jumbo programs available.

A seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision. It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.

Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool and many are now seeking the reverse mortgage to augment their retirement plans and not so much the mortgage of last resort. Everything from the elimination of existing mortgage payments to the line of credit that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan for the future as well.

California Lending Limits

california lending limits

As the most populous state in the country with more than 39 million residents, California is well known for its diverse population—and geography. There are mountains in the east, forests in the northwest, deserts in the southeast and miles upon miles of agricultural land in the center of the state.

There is the misconception that all parts of California offer a warm climate. Actually, due to its massive size, the state’s climate ranges from rainforest-like moisture to temperatures cold enough to produce snow in the mountains.

Some popular areas include the Sierra Nevada mountain range, the Mojave Desert, Yosemite National Park, Mount Shasta, Big Sur and Redwood National Park.

The range in climate makes the state very appealing to people who may want to live on the beach but can easily get to snow capped mountains within a short distance.

For people interested in retiring to California, it may be a good choice if a reverse mortgage is in the cards as the average home value of the state is $485,800, which is under the HECM lending limit of $679,650

Some of the largest cities in California include Los Angeles, San Diego, San Jose, San Francisco and Fresno. Los Angeles is most popularly know as the location of Hollywood film studios and of course, the famous Hollywood sign.

In addition, California has numerous sports teams. Some of the teams that represent the state include the Los Angeles Rams football team, the Oakland Raiders football team, the San Francisco Giants baseball team and the Los Angeles Kings hockey team.

If you reside in California, All Reverse Mortgage® is here to answer your questions. Call Toll Free (800) 565-1722 – Or try ARLO™ our revolutionary reverse mortgage calculator that offers side-by-side program comparisons, real-time interest rates and expert recommendations.

Other Areas of Interest in California

California Reverse Mortgage HUD Approved Counseling Agencies

Agency Name	Phone, Toll-Free, Fax Number, Email, Website, Agency ID	Address	Languages	Parent Organization
BALANCE CONCORD	Phone: 800-808-4327 Fax: 415-777-4030 Website:https://www.balancepro.org/ Agency ID: 90242	1655 Grant St Suite 1300 Concord, California 94520-2600	- Cantonese - English - Other - Russian - Spanish	CONSUMER CREDIT COUNSELING SERVICES OF SAN FRANCISCO D/B/A BALANCE
CONSUMER CREDIT COUNSELING SERVICES OF SAN FRANCISCO D/B/A BALANCE	Phone: 888-456-2227 Toll-free: 800-777-7526 Website: www.balancepro.org Agency ID: 90199	1655 Grant Street Suite 1300 CONCORD, California 94520-2600	- English - Other - Russian - Spanish
PROJECT SENTINEL	Phone: 408-470-3730 Fax: 408-648-2950 Website: housing.org/ Agency ID: 81203	554 Valley Way Milpitas, California 95035-4106	- Cantonese - Chinese Mandarin - English - French - Other - Spanish - Vietnamese
INLAND FAIR HOUSING AND MEDIATION BOARD	Phone: 909-984-2254 Toll-free: 800-321-0911 Fax: 909-460-0274 Website: www.ifhmb.com Agency ID: 80034	1500 S Haven Ave Ste 100 Ontario, California 91761-2970	- English - Spanish	RURAL COMMUNITY ASSISTANCE CORPORATION
CREDIT.ORG - RIVERSIDE	Phone: 800-947-3752 Fax: 951-328-7728 Website: www.credit.org Agency ID: 84701	4351 Latham St Riverside, California 92501-1749	- English - Other - Spanish	HOMEOWNERSHIP PRESERVATION FOUNDATION
NAVICORE SOLUTIONS- SAN DIEGO, CA	Phone: 619-296-4700 Toll-free: 866-472-4557 Fax: 732-863-5052 Website: www.navicoresolutions.org Agency ID: 84874	3530 Camino Del Rio N Suite 110 San Diego, California 92108-1743	- English - Spanish	GARDEN STATE CONSUMER CREDIT COUNSELING, INC. D/B/A/ NAVICORE SOLUTIONS
CCCS OF SAN FRANCISCO	Phone: 800-808-4327 Fax: 415-777-4030 Website:https://www.balancepro.org/ Agency ID: 80646	1390 Market Street, Suite 200 SAN FRANCISCO, California 94102-5404	- Cantonese - English - Other - Russian - Spanish	CONSUMER CREDIT COUNSELING SERVICES OF SAN FRANCISCO D/B/A BALANCE
CCCS OF SAN FRANCISCO	Phone: 800-777-7526 Fax: 415-788-0739 Website:https://www.balancepro.org/ Agency ID: 81721	3033 Cleveland Ave Suite #101 Santa Rosa, CA 95403 Santa Rosa, California 95403-2126	- Cantonese - English - Other - Russian - Spanish	CONSUMER CREDIT COUNSELING SERVICES OF SAN FRANCISCO D/B/A BALANCE
GUIDEWELL FINANCIAL SOLUTIONS, WEST COVINA	Phone: 323-637-0847 Toll-free: 410-747-2050 Fax: 410-747-2005 Website: www.guidewellfs.org Agency ID: 90360	1050 Lakes Dr suite 225 West Covina, California 91790-2924	- English - Spanish	GUIDEWELL FINANCIAL SOLUTIONS, INC

Did you know? California state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Our Exclusive Programs Designed to Fit Your Needs.

All Reverse Mortgage© has consistently brought exclusive offers to our valued Arizona homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.

Take a look at some of our program benefits that you won't find elsewhere:

	Exclusive 4.18% (6.23% APR) Fixed Rate for Life

	Government Insured & Jumbo Proprietary Programs

	Flexible Credit Lines with the Industries Lowest Margin & Lifetime Rate Exposure

	ZERO Origination Fee Options


	ZERO Monthly Servicing Fees on ALL programs

*Complete form above to receive a comparison of all available programs. Excludes state taxes when applicable. *APR ran at $185,000 loan amount / 60% or less PLF utilization. Lifetime rate cap on all adjustable rate plans just 5% over the start rate.

How can we offer you more favorable terms?

We are a direct lender approved by FHA (Federal Housing Administration)

The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts.

We don't work with Brokers, allowing us to pass the savings on to you.

We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs.

We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.

All Reverse vs. the others

It may surprise you but those "celebrities" you see all over TV have some of the worst independent consumer ratings in the industry. Compare us and you will see the crystal clear difference, from customer service to loan terms we never compromise.

Top A+ Rating By The Better Business Bureau

eKomi Independent Reviews 4.9 out of 5 Stars

Trustlink Independent Reviews 5 out of 5 Stars

HUD approved california direct lender.

Working with a local California lender saves you time and money.

As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.

Click here to view our HUD Approval

What Our Customers Are Saying

"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."

"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"

"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."

"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."

"This was the smoothest mortgage process I have ever experienced! And so fast!"

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California Reverse Mortgages

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