California Reverse Mortgage Information

California Reverse Mortgage Information

Discover the Key to Financial Freedom: California Reverse Mortgage Information

Welcome to Mutual of Omaha Reverse Mortgage, your trusted source for comprehensive information on reverse mortgages in California. If you’re a homeowner in Los Angeles, San Diego, San Fransico, Sacramento, Monterey, Fresno, Santa Rosa, or anywhere in the Golden State. I can provide answers to your questions and furnish the detailed information you need to make an informed decision.

If you are a homeowner aged 62 or older (55 in some states), you have a valuable financial tool at your disposal: the reverse mortgage. Let's explore how this innovative financial solution can unlock the equity in your home and transform your retirement.

Why Choose a Reverse Mortgage in California?

California is renowned for its vibrant lifestyle, diverse culture, and bustling real estate market. As a homeowner in California, you've likely built considerable equity in your property over the years. A reverse mortgage allows you to access that equity without the stress of monthly mortgage payments. Whether you're looking to supplement your retirement income, cover medical expenses, purchase a retirement home, or embark on new adventures, a reverse mortgage offers the flexibility and freedom you need to enjoy your golden years to the fullest

Empowering California Homeowners

At Mutual of Omaha Reverse Mortgage, we're passionate about empowering California homeowners to make informed financial decisions. I can provide you with personalized guidance and support tailored to your unique needs and goals. I believe in transparency, honesty, and integrity, ensuring that you have all the information you need to make confident choices about your financial future.

Your Journey to Financial Wellness Begins Here

Ready to take the next step towards financial freedom? Explore our comprehensive resources on reverse mortgages in California, including in-depth guides, informative articles, and helpful tools. Whether you're a first-time homeowner or a seasoned real estate investor, we're here to equip you with the knowledge and insights you need to make the most of your home equity.

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

Unlock Your Home's Potential

Your home is more than just a place to live—it's a valuable buffer asset that can enhance your financial well-being in retirement. Discover how a reverse mortgage can help you unlock your home's potential and achieve your long-term goals. Contact me today at 815-703-4745 to schedule a free no obligation consultation. Your journey to financial freedom starts here.

Get a Quote

Verified Reviews


Larry Has Knowledge, Expertise, and Patience Larry is the best! He walked me through the process, explained all of my options, and was always available to answer my questions, I had many of them. He has the knowledge, expertise, and the patience that I required to guide me through this process. I was fortunate that he was referred to me by my financial planner, and I think that anybody else he works with will feel the same way.

Phyllis J — Jan 22, 2019

Professional in Every Aspect I want to give a 5 star review! You were very professional in every aspect and provided excellent service in all area's!!

Scott I — Jan 10, 2023

My Experience Has Been Wonderful My experience with my Reverse Mortgage representative Larry McAnarney has been wonderful. Larry has been very professional & sensitive to my needs. He was completely truthful & informative with me. I will recommend Larry anytime to anyone asking me about a Reverse Mortgage. Your company is lucky & very blessed to have Larry represent you.  

Sam H — Nov 13, 2019

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Reverse Mortgage Frequently Asked Questions

Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.

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A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).

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You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…

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Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…

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Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…

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The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…

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A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…

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You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly…
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A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
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The specific amount depends on several factors, including:

  • Your…
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With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

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Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…

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Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

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The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

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The loan must be paid in full when one of the following occurs:

  •  A “maturity event” —…
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To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

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Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…

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Below are just a few of the California cities and counties where you can obtain a reverse mortgage.