Oxnard California Reverse Mortgage

Your Oxnard Reverse Mortgage Guide

Welcome to Oxnard

If you are a Oxnard 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 Oxnard, 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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Oxnard 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

Oxnard California Frequently Asked Questions

How does a Reverse Mortgage work in Oxnard California?

A reverse mortgage in Oxnard, 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 Oxnard, 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 Oxnard?

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 Oxnard?

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 Oxnard California

Welcome to Oxnard, California! This sunny city is located on the coast of Ventura County and is home to over 200,000 people. Oxnard has a rich history, having been founded in the late 19th century. It was originally a small fishing village and has since grown into a vibrant city.

Oxnard is known for its beautiful beaches and stunning sunsets. You can spend your days exploring the sand and surf, or take a stroll along the boardwalk and take in the sights. There are plenty of activities to enjoy in Oxnard, from shopping and dining to visiting local parks and community centers.

If you're looking for a fun day out, Oxnard has plenty of options. You can visit the Channel Islands National Park, the Oxnard State Beach, or the Oxnard Historic District. There are also plenty of local schools, including Oxnard High School, Hueneme High School, and Rio Mesa High School.

No matter what you're looking for, Oxnard has something for everyone. So come and explore this sunny city and all it has to offer!

Things To Do In Oxnard

Oxnard, CA Neighborhoods

La Colonia, Channel Islands, Kamala Park, Oxnard Dunes, Hobson Park East, Sea View Estates, Lemonwood Eastmont, Bartolo Square North, Five Points Northeast, Pleasant Valley Villlage, Bartolo Square South, Cal-Gisler, Hobson Park West, Windsor North River Ridge, Wilson, Blackstock North, Redwood, Bryce Canyon North, Rio Lindo, Pleasant Valley Estates, Bryce Canyon South, Fremont North, Cabrillo, El Rio West, Orchard Park, Blackstock South, West Village, Sea Air, Carriage Square, South Winds, Marina West, Terrace Estates, Sierra Linda, Fremont South, Cypress Gardens, College Estates, Rose Park, College Park,

OXNARD, 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 Oxnard, CA


Mullin Automotive Museum

Channel Islands Harbor

Oxnard State Beach Park

Emma Wood State Beach

Channel Islands Maritime Museum

The Murphy Auto Museum

US Navy Seabee Museum

The Robert J. Lagomarsino Visitor Center at Channel Islands National Park

Mcgrath State Beach

Hollywood Beach

Olivas Adobe Historic Park

Port Hueneme Beach Park

Heritage Square

Mandalay Beach Road

McGrath Family Farm

Harbor Cove Beach

Sail Channel Islands

Plaza Park

Marine Emporium Landing

Surfer's Knoll

Port Hueneme Historical Society Museum

Magnavino Cellars

Kiddie Beach Park

Silver Strand State Beach

Southern California Jet Skis

Oxnard Historic Farm Park

Peninsula Park

La Jenelle Park

Oxnard Beach Park

Port Hueneme Beach Park

Point Mugu Missile Park

Sky Zone Trampoline Park

Strey Cellars

Via Marina Park

Channel View Park

Harbor View Park

Rio Lindo Park

Rancho Ventavo Cellars

The Ultimate Escape Rooms

Two Trees

Southbank Park

College Park

Bard Mansion

Walter B. Moranda Park

Ormond Beach

Henry Levy House

Hobie Beach

Calleguas Creek

Street Names in Oxnard, CA

10th St 13th St 14th St 15th St 16th St 19th St
9th St A Ct Abalone Dr Abbott St Acacia St Acapulco Ct
Adelaide Ct Admiral Way Adriatic St Ahoy Ln Albacore Albacore Way
Albany Dr Albion Dr Alee Ln Aleutian Way Alexander Dr Alexander St
Almanor St Almendra Pl Almond Dr Aloha Ln Alpine St Althea Ct

Oxnard, CA Zip Codes

93030, 93031, 93032, 93033, 93034, 93035, 93036,

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 Oxnard

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 Oxnard. 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 – Oxnard

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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.