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 Was Very Professional Larry was very professional and courteous. Explained everything in layman's terms and always responded quickly to my questions. I highly recommend Larry for Reverse Mortgage services.    

Bill Z — May 11, 2020

It Was Great It was great .

Megan W — Jun 29, 2023

A pleasant experience Larry McAnarney was very professional yet warm in his dealing with both my wife and me. Our experience during the entire process was a pleasant one.

Paul C — Jan 30, 2014

Read More Reviews

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.

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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…

Read More

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

  • Lump sum
  • Monthly…
Read More

A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
Read More

The specific amount depends on several factors, including:

  • Your…
Read More

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

Read More

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…

Read More

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

Read More

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

Read More

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

  •  A “maturity event” —…
Read More

To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

Read More

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

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