San Francisco California Reverse Mortgage

Your San Francisco Reverse Mortgage Guide

Welcome to San Francisco

As a homeowner in San Francisco, you have worked hard to build equity in your home. Now, that equity can work for you in your retirement years with a reverse mortgage home loan. This type of loan allows you to tap into the equity you have built up in your home without the obligation to make monthly payments. Instead, the loan is repaid when you sell the home or pass away. Reverse mortgage loans can provide financial stability and peace of mind, allowing you to enjoy your retirement and age in place in the comfort of your 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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San Francisco 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

San Francisco California Frequently Asked Questions

How does a Reverse Mortgage work in San Francisco California?

A reverse mortgage in San Francisco, 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 San Francisco, 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 San Francisco?

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 San Francisco?

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 San Francisco California

Welcome to San Francisco! This vibrant city is home to over 870,000 people and is a melting pot of cultures, cuisines, and activities. San Francisco has a rich history that dates back to the early 1700s when Spanish explorers first arrived in the area.

Today, San Francisco is a bustling metropolis that offers something for everyone. From the iconic Golden Gate Bridge to the stunning views of the bay, there is no shortage of sights and activities to explore. Take a stroll through the famous Fisherman's Wharf, or explore the winding streets of Chinatown. There are plenty of parks, community centers, and museums to explore.

If you're looking for a more educational experience, San Francisco is home to some of the best schools in the country. From the University of San Francisco to the San Francisco Art Institute, there are plenty of options for students of all ages.

No matter what you're looking for, San Francisco has something for everyone. Come explore this beautiful city and discover its unique culture and history!

Things To Do In San Francisco

San Francisco, CA Neighborhoods

Chinatown, Fisherman's Wharf, Mission District, Financial District, North Beach, Tenderloin, Japantown, Nob Hill, Presidio of San Francisco, Union Square, Sunset District, The Castro, Theater District, Golden Gate Park, Telegraph Hill, Marina District, SoMa, Haight-Ashbury, Pacific Heights, Embarcadero, Lower Pacific Heights, Treasure Island, Hayes Valley, Noe Valley, Mission Bay, Stonestown, Alamo Square, Bernal Heights, Potrero Hill, Parkmerced, Russian Hill, Cow Hollow, Visitacion Valley, Dogpatch, Rincon Hill, Presidio Terrace, Richmond District, Presidio Heights, West Portal, Western Addition, Cole Valley, Bayview, Duboce Triangle, The East Cut, Crocker-Amazon, Miraloma, Lower Haight, Outer Sunset, Saint Francis Wood, Inner Sunset, Corona Heights,

Top Sights in San Francisco, CA


Golden Gate Bridge

Alcatraz Island

Golden Gate Park

PIER 39

San Francisco Museum of Modern Art

Palace of Fine Arts

Ferry Building

Union Square

Coit Tower

Exploratorium

California Academy of Sciences

Japanese Tea Garden

Ghirardelli Chocolate Experience

de Young Museum

The Painted Ladies

Oracle Park

Twin Peaks

Mission Dolores Park

San Francisco Zoo

Asian Art Museum

San Francisco Botanical Garden

Legion of Honor

The Walt Disney Family Museum

Lands End Lookout

San Francisco Cable Car Museum

Musée Mécanique

Conservatory of Flowers

San Francisco – Oakland Bay Bridge

Lombard Street

San Francisco Maritime National Historical Park

Sutro Baths

Marin Headlands

City Lights Booksellers & Publishers

Golden Gate National Recreation Area

Aquarium of the Bay

Yerba Buena Gardens

Grace Cathedral

San Francisco City Hall

Washington Square

16th Avenue Tiled Steps

The Castro Theatre

Transamerica Pyramid

Muir Woods National Monument

Misión San Francisco de Asís

USS Pampanito Museum and Memorial

Alamo Square

Lombard Street

Tadich Grill

Madame Tussauds San Francisco

Point Bonita Lighthouse

War Memorial Opera House

Battery Spencer

Yerba Buena Center for the Arts

Marshall's Beach

Buena Vista Park

Bay Area Discovery Museum

Hayes Street

Top of the Mark

John McLaren Park

Children's Creativity Museum

SS Jeremiah O'Brien

Glen Canyon Park

Museum of the African Diaspora

Ferry Plaza Farmers Market

The Contemporary Jewish Museum

Fine Arts Museums of San Francisco

Lake Merced Park

Tonga Room & Hurricane Bar

Baker Beach

The Wave Organ

Highland Avenue

Topaz Way

Quesada Avenue

Argonaut Avenue

Pacific Avenue

Valley Street

Prentiss Street

Carl Street

Harry Street

Randall Museum

Aquatic Park

Grandview Park

USS Hornet - Sea, Air and Space Museum

Cartoon Art Museum

The Beat Museum

Hyde Street

Presidio Tunnel Tops

Haas-Lilienthal House

Museum of Craft and Design

Chinese Historical Society of America Museum

Broadway

Sigmund Stern Recreation Grove

Rosie the Riveter National Historical Park

Robert W. Crown Memorial State Beach

The Marine Mammal Center

King Street

Haight Street

Onondaga Avenue

Spear Street

Laguna Street

Top Experiences in San Francisco, CA


Golden Gate Bridge

Alcatraz Island

Golden Gate Park

PIER 39

San Francisco Museum of Modern Art

Palace of Fine Arts

California Academy of Sciences

Muir Woods National Monument

Lombard Street

Themed walking tour

Chinatown walk

Wine Country trip

Travel Articles in San Francisco, CA


23 Top-Rated Tourist Attractions in San Francisco

16 Top-Rated Day Trips from San Francisco

27 Best Restaurants in San Francisco

Where to Shop in San Francisco and Around the Bay Area

Street Names in San Francisco, CA

10th Ave 10th St 11th Ave 11th St 12th Ave 12th St
13th St 14th Ave 14th St 15th Ave 15th St 16th Ave
16th St 17th Ave 17th St 18th Ave 18th St 19th Ave
19th St 1st St 20th Ave 20th St 21st Ave 21st St
22nd Ave 22nd St 23rd Ave 23rd St 24th Ave 24th St

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 San Francisco

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 San Francisco. 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 – San Francisco

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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.