Napa California Reverse Mortgage

Your Napa Reverse Mortgage Guide

Welcome to Napa

Are you a homeowner in Napa looking for financial support in retirement? A reverse mortgage home 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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Napa 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

Napa California Frequently Asked Questions

How does a Reverse Mortgage work in Napa California?

A reverse mortgage in Napa, 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 Napa, 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 Napa?

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 Napa?

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 Napa California

Welcome to Napa! This beautiful city is located in the heart of Northern California's wine country, and it's the perfect place to explore and relax. With a population of around 80,000, Napa is a vibrant and diverse city with a rich history.

Napa was founded in 1847 and has been a popular destination for visitors ever since. The city is known for its stunning views of the surrounding hills, its world-class wineries, and its vibrant downtown area. There's plenty to do here, from exploring the local parks and community centers to visiting the local schools.

If you're looking for a fun day out, you can visit the Napa Valley Wine Train, take a stroll through the Oxbow Public Market, or explore the Napa Valley Museum. For a more relaxed experience, you can take a leisurely bike ride along the Napa River or enjoy a picnic in one of the city's many parks.

No matter what your interests are, Napa has something for everyone. So come explore this vibrant city and experience all that it has to offer. You won't regret it!

Things To Do In Napa

Top Sights in Napa, CA


Oxbow Public Market

Buena Vista Winery

Domaine Carneros

di Rosa Center for Contemporary Art

Ashes & Diamonds Winery

Scribe Winery

Bouchaine Vineyards

Skyline Wilderness Park

Jarvis Estate Winery

Sonoma TrainTown Railroad

Robert Biale Vineyards

Cuvaison Winery

Truchard Vineyards

O'Brien Estate Winery

Judd's Hill Winery & MicroCrush

Bay Area Ridge Trail

Hendry Winery

Bartholomew Estate Winery

Stags' Leap Winery

Shadybrook Estate Winery

Mayacamas Vineyards & Winery

Trinitas Cellars

California Wine Tours and Transportation

Nicholson Ranch LLC

MONTICELLO Napa Valley

Acumen Wine Gallery

Chardonnay Golf Club

White Rock Vineyards

Visit Napa Valley Administrative Offices

Madonna Estate Winery

Alston Park

Caldwell Vineyard & Winery

Eleven Eleven Winery

Napa Art Walk

Rocca Family Vineyards

Eagle Vines Golf Club

Favia Erickson Winegrowers

Mi Sueño Winery

Vintner's Collective

Napa Golf Course

McKenzie-Mueller Winery

Kennedy Park

Westwood Hills Park

Covert Estate

Bartholomew Park

Napa Valley Opera House

Buoncristiani Family Winery

HDV Wines

Matthiasson Winery

Land Trust of Napa County

Taylor Family Vineyards

The Caves At Soda Canyon

Napa Valley Casino

Lynch Canyon Open Space

Beaucanon Winery

Falcor Winery

Sonoma Garden Park

Crosby Roamann

Blackbird Vineyards

Laces and Limos

G V Cellars

Napa Valley Gondola

Steltzner Vineyards

The Wine Thief

Padis Vineyards

Fuller Park

Carolyn Parr Nature Center

Spelletich Family Wine Company

Wetlands Edge Park

AvinoDos Wines

Oxbow Commons

Acacia Winery

Napa County Landmarks, Inc.

Madorom

Napa Your Way

Playground Fantastico

Ace & Vine

Trancas Crossing Park

Veterans Memorial Park

WhySpit | Napa Valley Tours

Milliken Creek

Napa 9/11 Memorial Garden

Robinson Family Vineyard

Sill Family Vineyards

The Grape Crusher

Music In the Vineyards

Newell Open Space

Shenandoah Park

Silver Stag Winery

Vintage Green Valley Park

Landa Vineyards

Stanly Ranch Area Public Trails

Migliavacca Mansion

Bartholomew Winery Trail

Walking Tour Of Napa

Silver Oak Park

Archer Taylor Preserve

China Point Park

Travel Articles in Napa, CA


25 Best Things to Do in Napa Valley

These Are the Best Times to Visit Napa Valley.

10 Best Napa Wine Tastings With No Appointment Required

How to Visit Napa Valley on a Budget in 2023

Street Names in Napa, CA

1st Ave 1st St 2nd Ave 2nd St 3rd Ave 3rd St
4th Ave 4th St 5th St 6th St 7 Berryessa Dr 7th St
8th St A St Abbey Ct Abruzzini Ct Abruzzini Hill Rd Acacia Ave
Acacia Dr Acorn Way Action Ave Adams St Adobe Ln Adrian St
Affirmed St Agile St Aguilar Ct Aguirre Way Airpark Rd Airport Blvd

Napa, CA Zip Codes

94558, 94559, 94581,

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 Napa

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 Napa. 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 – Napa

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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.