Reverse mortgages help retirement-age California residents meet their financial needs while retaining ownership of the homes they love. You can receive a reverse mortgage consultation and apply for a public or private reverse mortgage through Senior Lending Corporation. We will connect you with a licensed reverse mortgage advisor in California who can guide you through the process.
The retirement you always imagined is right around the corner — make it happen with one of the best reverse mortgage companies in California. A reverse mortgage is a unique borrowing option that offers financial flexibility as you approach retirement. You can borrow funds or open a line of credit equal to some or all of your home’s value. Our products’ non-recourse status means the amount you owe will never surpass the home’s selling price.
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
At Senior Lending Corporation, we help California customers use a Home Equity Conversion Mortgage (HECM) or a jumbo proprietary mortgage. Both types provide a line of credit or loan that aligns with your home equity, among other factors. Our California reverse mortgage advisors will help you choose the ideal option for your situation.
Federally insured reverse mortgages are available from approved HECM lenders in California and nationwide. The United States Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) allow homeowners over the age of 62 to apply for a HECM on their primary residence. This reliable type of reverse mortgage for California homeowners can provide crucial retirement funding.
With Senior Lending Corporation, you can qualify for a HECM worth up to the federal cap of $1,209,750. We approve HECMs based on the home’s appraised value, the equity you’ve accumulated and other situational factors.
The proprietary reverse mortgage is the HECM’s private alternative. Senior Lending Corporation offers a jumbo proprietary reverse mortgage option fit for California’s market. The median sales price for California homes has exceeded $800,000 each year since 2021, putting many local properties outside of HECM boundaries. Our HomeSafe line of credit expands the maximum value to $4 million, ensuring you can borrow the amount you need. You can apply at age 55 using your primary residence.
HECMs and proprietary reverse mortgages provide immediate funding while you still live in your home. It’s a way to access your equity while you can use it, whether preparing for a major purchase or supplementing income during retirement. In addition to liquidity, reverse mortgages also eliminate your monthly mortgage payments. Instead, you use proceeds from selling the property to repay the balance and interest. Our California customers benefit from:
There are 5 main steps to the reverse mortgage process. The entire process can all be done from the comfort of your home or in person whichever you prefer.
At Senior Lending Corporation, our passionate advisors have helped California homeowners use reverse mortgage options in numerous unique scenarios. We tailor our recommendations and decisions to your income needs, so call 800-822-1190 to discuss your qualifications.
