Oceanside California Reverse Mortgage

Your Oceanside Reverse Mortgage Guide

Welcome to Oceanside

Are you a homeowner in Oceanside 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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Oceanside 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

Oceanside California Frequently Asked Questions

How does a Reverse Mortgage work in Oceanside California?

A reverse mortgage in Oceanside, 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 Oceanside, 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 Oceanside?

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 Oceanside?

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 Oceanside California

Welcome to Oceanside, California! This beautiful coastal city is home to a population of over 175,000 people and is a great place to visit or call home. Oceanside has a rich history that dates back to the late 1700s, when Spanish missionaries and soldiers arrived in the area. Over the years, the city has grown and developed into the vibrant community it is today.

Oceanside is a great place to explore and experience the beauty of the California coast. With its miles of sandy beaches, stunning sunsets, and a variety of outdoor activities, there's something for everyone. Visitors can enjoy a variety of activities, including surfing, fishing, and kayaking. There are also plenty of parks and trails to explore, including the Oceanside Harbor Beach, Buccaneer Beach, and the Oceanside Pier.

For those looking to stay in the city, there are plenty of great places to stay, from luxury hotels to cozy bed and breakfasts. Oceanside also has a variety of restaurants, cafes, and shops to explore.

Oceanside is also home to several schools, including Oceanside High School, El Camino High School, and Oceanside Middle School. The city also has a variety of community centers and libraries, providing a great place for residents to come together and learn.

So come explore Oceanside and experience all that this beautiful coastal city has to offer!

Things To Do In Oceanside

Oceanside, CA Neighborhoods

San Luis Rey, Mira Costa, Tri-City, Ivey Ranch / Rancho Del Oro, Piazza D Oro, East Side Capistrano, Morro Hills, Crystal Sands, Canyon Vista, Peacock, Breanna Estates, Dixie Village, Oceana, North Valley, Pacific Tides, Pelican Cove, The Greens, Summerview, Ocean Terrace Professional Center, Douglas Drive Condominiums, La Mision Village, Loma Alta, St Cloud At Ocean, The Bel Vedere, Gamblers, Renaissance Ter, Old Grove Medical Office, Fire Mountain,

OCEANSIDE, 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 Oceanside, CA


Oceanside Municipal Fishing Pier

Oceanside Harbor Beach

Oceanside Harbor Village

Santa Rosa Street

Spur Avenue

West Street

Magdalena Drive

Highridge Drive

Baycliff Way

Dover Street

Mescalita Court

Vista Campana North

North River Road

Francis Street

Ivy Road

Arcata Bay Way

Rio Plata Drive

Via Candelas

Los Alamos Way

Calle Montecito

Mission San Luis Rey

Oceanside Museum of Art

California Surf Museum

Buccaneer Park

Los Arbolitos Boulevard

Calle Buena Ventura

Harbor Cliff Way

El Prado Lane

Grandview Street

North Freeman Street

Casa Buena Way

Brookside Lane

Alvarado Street

North Pacific Street

Buena Hills Drive

Robin Lane

California Welcome Center, Oceanside

Buddy Todd Park

Strand Beach

Beach House Winery

iFLY Indoor Skydiving - San Diego Oceanside

Mance Buchanon Park

Buena Vista Audubon Society

Oak Riparian Park

Oceanside Pier Amphitheater

Emerald Isle Golf Course

Luiseño Park

Antique Gas & Steam Engine Museum

Buccaneer Beach

SoCal Sports Complex

Heritage Park & Museum

Martin Luther King Junior Park

Lotus Sculpture Buddhist & Hindu Statues

Hosp Grove Park

Prince of Peace Abbey

Lake Calavera Preserve

Libby Lake Park

Lake Park

Rancho Guajome Adobe

The John Landes Skatepark

Melba Bishop Tennis Courts

Carlsbad State Beach

Oceanside Historical Society

Lake Calaveras Hiking Trail

Mission San Luis Rey Cemetery

El Corazon Park

Magee Park

Top Gun House

Boomers Vista

Breakwater Way

Maxton Brown Park

Outpost Vans

Ocean's Eleven Casino

State Street Farmers Market

Buena Vista Park

South Oceanside Beach

Wild Wonders, Inc

Oceanside City Beach

Hidden Canyon Community Park

San Luis Rey River Trail

Carlsbad City Beach

Calavera Hills Community Park

Bub Williamson Park

Calavera Lake

Whelan Lake

El Salto Falls

Buena Vista Lagoon

St. Michael's by-the-Sea Episcopal Church

Calavera Nature Preserve

Escape to VR - Escape Rooms From The Multiverse

Public Beach Access

Ann D. L'Heureux Memorial Dog Park

Carlsbad Historical Society

Anstine-Audubon Nature Preserve

Front Porch Gallery

North Coastal Art Gallery

Cerro de la Calavera

Mount Calavera

Carlsbad Parks & Recreation

Los Jilgueros Preserve

Top Experiences in Oceanside, CA


Oceanside Municipal Fishing Pier

Oceanside Harbor Beach

Arcata Bay Way

Dover Street

Ivy Road

Mescalita Court

Francis Street

Los Alamos Way

Baycliff Way

Harbor Beach surfing

South Oceanside dining

Riverfront bike ride

Street Names in Oceanside, CA

Abalone Point Way Abbywood Dr Activity Way Adelia Way Adler Way Adobe Cir
Adra Way Aegina Way Aeolia Way Agate Ln Agora Way Airport Rd - Oceanside Municipal Airport (ocn)
Alabar Way Alamosa Park Dr Alana Cir Albatross Way Alberta Ave Albright St
Alcala Dr Aldea Dr Alden Way Alderney Ct Alex Rd Alexandrine Ct
Alicante Way Aliento Way Aliso Way Allende Ave Allspice Way Alpine Ln

Oceanside, CA Zip Codes

92003, 92049, 92051, 92052, 92054, 92056, 92057, 92058,

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 Oceanside

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 Oceanside. 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 – Oceanside

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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.