Fremont California Reverse Mortgage

Your Fremont Reverse Mortgage Guide

Welcome to Fremont

Are you a homeowner in Fremont looking for financial support in retirement? A reverse mortgage loan may be the solution you’ve been seeking. This type of loan allows homeowners aged 62 and older to access their home equity without the obligation to make monthly payments. Instead, the loan is repaid when the borrower sells the home or passes away. Reverse mortgage loans can provide a stable financial foundation and allow seniors to age in place with the comfort and security of their own home.

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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Fremont 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

Fremont California Frequently Asked Questions

How does a Reverse Mortgage work in Fremont California?

A reverse mortgage in Fremont, 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 Fremont, 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 Fremont?

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 Fremont?

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 Fremont California

Welcome to Fremont, California! This vibrant city is located in the heart of the Bay Area and is home to a population of over 230,000 people. Fremont was founded in 1956 and has a rich history that dates back to the mid-1800s.

Fremont is a great place to explore and experience the best of the Bay Area. From the bustling downtown area to the beautiful local parks, there's something for everyone. Take a stroll through Central Park and enjoy the lush greenery, or take a trip to the Niles Canyon Railway Museum and learn about the city's railroad history. There are also plenty of fun activities to enjoy, from shopping and dining to outdoor activities like hiking and biking.

Fremont is also home to a number of great schools, including Mission San Jose High School, American High School, and Irvington High School. These schools provide a great education and a safe learning environment for students.

Whether you're looking for a place to explore or a place to call home, Fremont is the perfect destination. With its rich history, vibrant culture, and plenty of activities to enjoy, Fremont is a great place to visit and explore.

Things To Do In Fremont

Fremont, CA Neighborhoods

Warm Springs, Niles, Irvington, Ardenwood, Central District, Centerville, Glenmoor, Cameron Hills, Cherry - Guardino, Brookvale, Kimber - Gomes, Parkmont, Vineyards - Avalon, East Industrial, Lakes and Birds, South Sundale, Canyon Heights - Vallejo Mills, Albrae, Mission Valley, 28 Palms, Blacow, Baylands, Northgate, Weibel, Sundale, Cabrillo, Grimmer,

FREMONT, CA WEATHER !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src='https://weatherwidget.io/js/widget.min.js';fjs.parentNode.insertBefore(js,fjs);}}(document,'script','weatherwidget-io-js');

Top Sights in Fremont, CA


Niles Canyon Railway

Coyote Hills Regional Park

Mission Peak

Mission San José Community Park

Don Edwards San Francisco Bay National Wildlife Refuge

Ardenwood Historic Farm

Aqua Adventure Water Park

Sunol Regional Wilderness

Niles Canyon

Mission Peak Regional Preserve

Dumbarton Bridge

Ed R. Levin County Park

Quarry Lakes Regional Recreation Area

Central Park

Lake Elizabeth

Garin Regional Park

Washington Township Museum of Local History

Niles Essanay Silent Film Museum

Pleasanton Ridge Regional Park

Vargas Plateau Regional Park

Shadow Cliffs Regional Recreation Area

iFLY Indoor Skydiving - SF Bay

Shinn Historical Park and Arboretum

Alameda Creek Trail

The Lace Museum

Dry Creek Pioneer Regional Park

Train of Lights

Little Yosemite Area

Monument Peak

Alameda Creek Regional Trail

Alameda Creek

Augustin Bernal Park

Jose Higuera Adobe Park

The Silliman Activity and Family Aquatic Center

Central Park Dog Park

Niles Depot Museum

Children's Natural History Museum

Pleasanton Ridge

Pacific Bus Museum

Coyote Creek

Niles Community Park

California Nursery Historical Park

Eden Landing Ecological Reserve

Secret Sidewalk

Dumbarton Pier

Mission Peak Trail Head

BAPS Shri Swaminaryan Mandir, San Jose

Sabercat Creek Trail

Calaveras Reservoir

Sky Zone Trampoline Park

Always Dream PlayPark

Sri Siddhi Vinayaka Cultural Center

Dharma Drum Mountain San Francisco Bay Area Center

Old Mission Park

Newark Community Center Park

Sunol Water Temple

Stanford Avenue Staging Area

SPCRR (Society for the Preservation of Carter Railroad Resources)

Lakeshore Park

Westover Winery

Charles F Kennedy Park

Ardenwood Train Rides by SPCRR

Union City Historical Museum

The Peak of Fremont

Mission San José

Old Alvarado Park

Mission Peak Summit

Coyote Hills Visitors Center

Meyers Cottage and Dry Creek Garden

Historic Patterson House Foundation

Birch Grove Park

Rancho Higuera Historical Park

Arroyo de la Laguna

Vallejo Mill Historical Park

Dixon Landing Park

Shirley Sisk Grove

Warm Springs Community Park

Vedic Dharma Samaj Fremont Hindu Temple

Niles Canyon Staging Area

Newbark Dog Park

Mount Allison

Karl Nordvik Park

Tule Ponds At Tyson Lagoon

San Antonio Reservoir

Niles Town Plaza

Niles Beach

Lago Los Osos

Dhammadharini Monastery

Street Names in Fremont, CA

4 Winds Terrace Abaca Way Abbey Terrace Abel Pl Abeloe Terrace Abercrombie Pl
Aberdeen Terrace Abraham St Abuelo Way Acacia Ct Access Road 161 Acoma Way
Action Ct Ada Ave Adagio Ct Adams Ave Adcock Dr Adcock Pl
Addison Ct Adelina Common Adelina Terrace Adler Ct Adobe Dr Adriano Ct
Adriano St Agate Terrace Agave Ct Agnes Ct Agree Terrace Aguila Terrace

Fremont, CA Zip Codes

94536, 94537, 94538, 94539, 94555, 94560,

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 Fremont

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 Fremont. 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 – Fremont

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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.