California Proprietary Program
Reverse Mortgage For 55+
California's exclusive program for homeowners 55 and older — access your equity sooner.
Program overview
What Is the Reverse Mortgage For 55+?
The Reverse Mortgage For 55+ is a California proprietary program that lowers the minimum age requirement from 62 to 55, allowing more seniors to access their home equity earlier in retirement. This program is not FHA-insured but is backed by private lenders and offers competitive terms for eligible California homeowners.
If you are between 55 and 61 years old and want to eliminate your monthly mortgage payment or access equity for retirement needs, this program may be the right fit for you.
Available at Age 55
Access your home equity 7 years earlier than the standard HECM program allows.
California Exclusive
A proprietary program available specifically to California homeowners.
No Monthly Payments
Eliminate your monthly mortgage payment and improve your monthly cash flow.
Tax-Free Proceeds
Funds received are generally not considered taxable income.
Who qualifies
Eligibility Requirements
Must be 55 years of age or older (California residents)
Must own the home outright or have significant equity
Must occupy the home as your primary residence
Must meet lender credit and property requirements
Must maintain the property and pay taxes and insurance
Ready to Learn More?
Call David Simon today for a no-obligation free consultation and find out how much you may qualify for.
NMLS #1521694 | CABRE #02040832
Get In Touch
Call Or Email Today For Your Free Loan Consultation
Reach out today for a no-obligation consultation. David will walk you through your options and help you determine the best path forward.
David Simon
Sr. Loan Officer & Reverse Mortgage Specialist
NMLS #1521694 | CABRE #02040832
Cell
(818) 232-1171
[email protected]
Office
Secured Capital Funding
17662 Irvine Blvd. Suite 6
Tustin, CA 92780
NMLS #1649122 | CABRE #01220151
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