Reverse mortgages have become popular in recent years as a way for senior citizens to tap into the equity of their homes. With a reverse mortgage, homeowners can receive payments from a lender based on the value of their home. The loan is repaid when the homeowner sells the home or passes away. If you are considering a reverse mortgage in California, it is important to find a reputable lender. Here are some of the best reverse mortgage lenders in California.
1. American Advisors Group (AAG)
AAG is one of the largest reverse mortgage lenders in the country, and they have a strong presence in California. They offer a variety of loan options, including fixed and adjustable rate loans. AAG also offers a free informational DVD and a reverse mortgage calculator on their website to help potential borrowers understand the loan process.
2. Finance of America Reverse (FAR)
FAR is another top reverse mortgage lender in California. They offer a variety of loan options, including jumbo loans for homes with high values. FAR also has a team of licensed loan officers who can help guide borrowers through the loan process.
3. Liberty Reverse Mortgage
Liberty is a division of Ocwen Financial Corporation, and they have been providing reverse mortgages for over a decade. They offer both fixed and adjustable rate loans, and they have a team of experienced loan officers who can answer any questions borrowers may have.
4. Reverse Mortgage Funding LLC
Reverse Mortgage Funding LLC is a top reverse mortgage lender in California and across the country. They offer both HECM and jumbo loans, and they have a team of experienced loan officers who can help borrowers determine which loan option is best for them.
5. Longbridge Financial LLC
Longbridge Financial LLC is a relatively new player in the reverse mortgage industry, but they have quickly become one of the top lenders in California. They offer a variety of loan options, including jumbo loans, and they have a team of experienced loan officers who can guide borrowers through the loan process.
6. One Reverse Mortgage
One Reverse Mortgage is a subsidiary of Quicken Loans, and they have been providing reverse mortgages for over a decade. They offer both HECM and jumbo loans, and they have a team of licensed loan officers who can help borrowers understand the loan process.
7. Reverse Mortgage Solutions Inc.
Reverse Mortgage Solutions Inc. is a top reverse mortgage lender in California and across the country. They offer a variety of loan options, including jumbo loans, and they have a team of experienced loan officers who can help borrowers determine which loan option is best for them.
8. Synergy One Lending
Synergy One Lending is a top reverse mortgage lender in California. They offer both HECM and jumbo loans, and they have a team of experienced loan officers who can guide borrowers through the loan process.
9. Premier Reverse Mortgage
Premier Reverse Mortgage is a top reverse mortgage lender in California. They offer both HECM and jumbo loans, and they have a team of experienced loan officers who can help borrowers understand the loan process.
10. All Reverse Mortgage
All Reverse Mortgage is a top reverse mortgage lender in California and across the country. They offer a variety of loan options, including jumbo loans, and they have a team of licensed loan officers who can guide borrowers through the loan process.
When choosing a reverse mortgage lender in California, it is important to do your research and choose a reputable lender. These ten lenders are some of the best in the industry, and they can help you determine if a reverse mortgage is right for you.
Remember, a reverse mortgage is a loan that you will need to repay eventually. It is important to understand the loan terms and to choose a lender that will help you make informed decisions about your finances.
If you are considering a reverse mortgage in California, contact one of these lenders to learn more about your options.