Cupertino California Reverse Mortgage

Your Cupertino Reverse Mortgage Guide

Welcome to Cupertino

If you are a Cupertino homeowner aged 62 or older, you may be eligible for a reverse mortgage loan. This type of loan allows you to access your home’s equity without making monthly payments. Instead, the loan is repaid when you sell the home or pass away. Reverse mortgage loans can provide financial support and security for seniors in Cupertino, allowing them to age in place and enjoy the comfort and familiarity of their own homes. Don’t let your hard-earned equity go to waste – consider a reverse mortgage loan and see how it can benefit you and your family in retirement.

Reverse Mortgage

Explore the possibilities of a Reverse Mortgage! Free yourself from worrying about monthly bills and take back control of your financial future. With a Reverse Mortgage, you can unlock the power of your home’s equity while maintaining ownership of your home. Find out today how you can start on the road to financial freedom.

Learn More about a Reverse Mortgage

Reverse Mortgage for Purchase

Did you know you can use a reverse mortgage to purchase a new home? A reverse mortgage for purchase allows seniors to buy a new home without making any monthly mortgage payments. Instead of getting an upfront lump sum payment like other reverse mortgages, the loan is used to purchase a new primary residence.

Learn More about a Reverse Mortgage for Purchase

HECM to HECM Refinance

A HECM (Home Equity Conversion Mortgage) to HECM refinance, also known as a HECM loan refinance, is a type of reverse mortgage that allows a borrower to refinance an existing HECM loan with a new one. This can be beneficial for several reasons, such as lowering your interest rate, changing the loan terms, accessing additional equity, and improving your financial situation.

Learn More about a HECM to HECM Refinance

Cash Out Reverse Mortgage

A Reverse Mortgage allows you to take cash out of your house and use the equity in your home for the things you want. You can receive your cash as a lump sum, fixed monthly payment, or line of credit.

Learn More about a Cash Out Reverse Mortgage

Jumbo Reverse Mortgage

A Jumbo Reverse Mortgage is a reverse mortgage that allows homeowners to borrow more money than allowed with a traditional HECM reverse mortgage. This is because a Jumbo Reverse Mortgage is not limited by the same lending limits set by the Federal Housing Administration (FHA) for standard HECM loans. With a Jumbo Reverse Mortgage, you can access more of the equity in your high-value home.

Learn More about a Jumbo Reverse Mortgage

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Cupertino Approved Reverse Mortgage Counseling Agencies

HUD Approved HECM Counseling Agencies

The following is the internet website address and telephone number provided by HUD for the purposes of acquiring HECM counseling:

National Counseling Agencies

ClearPoint Financial Solutions
(800) 251-2227
https://www.clearpoint.org/

Money Management International
(877) 908-2227
https://www.moneymanagement.org/

Credit.org
(800) 947-3752
https://www.homeownership.org/

National Foundation for Credit Counseling
(866) 698-6322
https://www.nfcc.org/

Greenpath
(888) 860-4167
https://www.greenpath.com/

Navicore
(866) 855-7736
https://navicoresolutions.org/

Guidewell Financial Solutions
(800) 882-6171
https://www.guidewellfs.org/

NeighborWorks America
(202) 760-4000
https://www.neighborworks.org/

Housing Options Provided for the Elderly (HOPE)
(844) 432-6467
https://hopeforseniorsstl.org/

California Counseling Agencies

Cupertino California Frequently Asked Questions

How does a Reverse Mortgage work in Cupertino California?

A reverse mortgage in Cupertino, California, works similarly to a reverse mortgage in other parts of the country. The basic principle is that it allows homeowners 62 years of age or older to borrow money against the equity in their home without having to make monthly payments. Instead, the loan becomes due when the borrower moves out of the house permanently, sells the home, or passes away.

To obtain a reverse mortgage in Cupertino, California, the borrower must meet with a reverse mortgage lender and go through a counseling session to ensure that a reverse mortgage is a suitable choice for them. The lender will also appraise the home to determine its value and the amount the borrower is eligible to borrow.

Do I make mortgage payments on my Reverse Mortgage in Cupertino?

No, you do not have to make payments on your reverse mortgage. You are still obligated to pay your property taxes, homeowners insurance, general home maintenance and upkeep, and any HOA fees, if applicable. The benefit of a reverse mortgage is that you do not have to make a regular monthly mortgage payment.

What qualifies for a reverse mortgage in Cupertino?

A reverse mortgage loan is only available to seniors who are age 62 or older. This type of loan has been designed to help provide a solution to allow seniors access to equity in their homes while still living there. To qualify for a reverse mortgage, you must:

  • The youngest borrower on the loan must be 62 years old or older
  • Having an existing mortgage loan balance is OK as long as there is sufficient equity in the home
  • It must be your primary residence, not rental homes or vacation homes
  • Reverse mortgage loans are available as refinance or purchase loans.

How do I receive my money when I get a reverse mortgage?

With a Reverse Mortgage, borrowers have the flexibility to choose how they want to receive their loan proceeds. This can include receiving the funds in one lump sum, periodically accessing them through a line of credit, receiving regular monthly payments, or a combination of these options. Speak with a licensed Reverse Mortgage Lender to discuss your options.

About Cupertino California

Welcome to Cupertino, California! This vibrant city is home to a population of over 60,000 people and is located in the heart of the Silicon Valley. Cupertino is a city with a rich history that dates back to the mid-1800s. It was originally a small farming community, but has since grown into a bustling city with plenty to offer.

Cupertino is home to a variety of parks and community centers, such as Memorial Park, which features a playground and picnic area, and the Cupertino Community Center, which offers a variety of recreational activities. There are also plenty of fun activities to do in the city, such as visiting the Apple Park Visitor Center, or exploring the nearby Stevens Creek Trail.

If you're looking for a great place to learn, Cupertino is home to several excellent schools, including Monta Vista High School, Cupertino Middle School, and Miller Elementary School. All of these schools provide a quality education and a safe learning environment.

Whether you're looking for a place to explore, learn, or just have fun, Cupertino has something for everyone. Come visit and see what this wonderful city has to offer!

Things To Do In Cupertino

Top Sights in Cupertino, CA


Fremont Older Open Space Preserve

Stevens Creek County Park

Cupertino Memorial Park

Rancho San Antonio County Park & Open Space Preserve

Gardena Drive

Minaker Court

McClellan Ranch Preserve

Ortega Park

Creekside Park

Jollyman Park

Alderbrook Lane

Hunter's Point

Blackberry Farm Recreation and Pool

Linda Vista Park

Portal Park

Cooper-Garrod Vineyards at Garrod Farms

Blackberry Farm Golf Course

Mountain Winery

Picchetti Winery

Maisie's Peak

Bowhunters Unlimited archery range, Stevens Creek County Park

De Anza College Fujitsu Planetarium

Serra Park

Calabazas Park

Three Oaks Park

PG&E Trailhead

Picchetti Ranch Open Space Preserve

Castle Rock State Park

John Mise Park

Cupertino Historical Society

Euphrat Museum Of Art

Deer Hollow Farm trailhead

Serra Park Tennis Courts

California History Center

Sanborn County Park

Raynor Park

Saratoga Creek Park

House Family Vineyards

Stevens Creek County Park Lakeshore Picnic Area

Ridge Vineyards

Kevin Moran Park

Grant Park

Rainbow Park

Foothills Nature Preserve

Parker Ranch Trail

Glendenning Barn

Stevens Creek Reservoir

Saratoga Quarry Park

Monte Bello Preserve

Savannah-Chanelle Vineyards

R & W Vineyards

Zinfandel Trail

Vidovich Vineyards

Villa Montalvo

Fellom Ranch Vineyards

Long Ridge Open Space Preserve

Rhus Ridge Trailhead

Saratoga Gap Open Space Preserve

Los Trancos Open Space Preserve

Sequoia Peterson Grove

Los Gatos Creek Trail

El Sereno Open Space Preserve

Byrne Preserve

Castle Rock Falls

Upper Stevens Creek County Park

John Nicholas Trail

San Andreas Fault Trail

Stevens Creek

Mount Bielawski

Street Names in Cupertino, CA

7 Springs Ln Acadia Ct Access Rd Addington Ct Adelheid Ct Adriana Ave
Alcalde Rd Alcazar Ave Alderbrook Way Alhambra Ave Alicia Ct Alpine Dr
Alves Dr Amador Oak Ct Amapolo Ct Amelia Ct Amherst Dr Amistad Ct
Amulet Dr Amulet Pl Ann Arbor Ave Ann Arbor Ct Anne Ln Annette Way
Anson Ave Anthony Pl Antoinette Dr Anton Way Apple Tree Ln Apricot Ct

Cupertino, CA Zip Codes

94024, 94087, 95014, 95015,

Reverse Mortgage Regulations

HUD – The United States Department of Housing and Urban Development is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. They state, “Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is a Home Equity Conversion Mortgage (HECM) which is only available through an FHA-approved lender. The HECM is FHA’s reverse mortgage program that lets you withdraw a portion of your home’s equity.”

Consumer Finance Protection Bureau – The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector. They state, “A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time.”

NMSL – The Nationwide Multi-State Licensing System and Registry is the record system for non-depository financial services licensing.

NRMLA – The National Reverse Mortgage Lenders Association (NRMLA) is a professional association that serves as an educational resource for the Reverse Mortgage community. The NRMLA was established in 1997 to promote professionalism and provide support and guidance to lenders and education borrowers. In addition, they prioritize educating consumers on the advantages and disadvantages of obtaining a reverse mortgage, ensuring borrowers make informed decisions.  They also provide training for mortgage professionals, enforce a code of ethics, and advise policymakers on reverse mortgage issues.

Reverse Mortgage Lenders near Cupertino

Call us for a free, no-obligation consultation about your Reverse Mortgage options. One of our licensed professionals will answer your questions without the hassle of a sales pitch. You’ll learn what programs you may qualify for and discover the best options that will suit your situation.

We are proud to serve the residents of Cupertino. We have been in the mortgage lending business since 2002 and would be happy to provide additional testimonials and references to clients we have worked with. We look forward to serving you and welcome the opportunity to meet and discuss your individual needs.

Reverse Mortgage Resource Center
Phone: 385-503-2224

Reverse Mortgage Resource Center – Cupertino

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REVERSE MORTGAGE RESOURCE CENTER ~lIVE lIFE ON yOUR tERMS~


Our Lending Team has been serving our clients since 2004. We are passionate about serving our clients with integrity to help them achieve their financial goals.