Education Specific to the Reverse Mortgage in California


California State Seal

 

Complete Details in Plain Language
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Reverse Mortgage Basics

 

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Important Facts...

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Important California Reverse Mortgage Facts


  • You own your home - NOT the bank
  • You are never forced to make payments while you live in your home
  • You can refinance or sell whenever you want with no penalty
  • The money you receive is tax free
  • You may use your money any way you see fit
  • No credit, income or health requirements to qualify
  • Social Security or Medicare benefits are NOT affected
  • You may now use the reverse mortgage to purchase a home
  • 9000+ reverse mortgages completed every month
  • 600,000 reverse mortgages since 1990

  • California Homeowner Eligibility Criteria


  • Must own or will purchase property in California and occupy the home as a primary residence
  • Youngest borrower must be at least 62
  • Eligible properties: single family residences, 1-4 unity properties with one unit occupied by owner, manufactured homes built after 1976 (with FHA approved foundations), townhouses, and condominiums

  • **IMPORTANT NEWS**

    FHA Announces new
    low cost and lower
    interest rate
    reverse mortgage!

    Call us for Details
    888.557.1636
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    Pacific International Mortgage
    703 North Concord � Santa Ana, CA 92701 � Tel: 888.557.1636
    DRE License #: 00976720  NMLS Approval Number: 272116

    Please note that any information provided will be deemed confidential & shall not be reproduced or sold to a third party company. By sending any information, you grant an unrestricted, irrevocable license to use the information to accommodate your requests. State Approved CA-1176627, HUD Authorized ID 7770700414. Privacy Policy

    HUD Reverse Mortgages are Guaranteed by the Department of Housing and Urban Development and Insured by FHA
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