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Find the best deal on reverse mortgages in Mill Valley, Corte Madera and Marin County, California.
Marin County Reverse Mortgage Lenders
For over 100 years Mutual of Omaha has been a trusted brand name. In that tradition of trust Mutual of Omaha Mortgage offers reverse mortgages to qualified homeowners in Marin County, California, and in 48 of 50 states.
Each of our originators has a team of experienced professionals who are familiar with the specific needs of homeowners in Marin County, Corte Madera, and Mill Valley. We can walk you through the questions you’re certain to have and the process, should you decide to utilize your home’s value to create more cash flow in retirement.
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in Marin County and other surrounding towns.
Corte Madera Reverse Mortgage Facts
In 2020, the median home value in Corte Madera was $1.6 million and $1.8 million in Mill Valley. Many homeowners in Marin County may choose to apply for a private jumbo reverse mortgage for properties above $822,375. Private reverse mortgages provide significantly more proceeds for eligible homeowners with higher-valued properties. $822,375 is the current maximum lending limit for FHA-insured reverse mortgages. This means with a federally-insured reverse mortgage in greater Napa County (and across the country) the first $822,375 of their home value is considered in the calculation of the potential maximum reverse mortgage loan benefit.
In general, reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers based on the home’s appraised value, the age of the youngest borrower, or named non-borrowing spouse, and the current/starting effective interest rate.
About Corte Madera
Corte Madera literally translated from Spanish means go “chop wood”. Not surprising since the area was a major harvester and exporter of redwood tree lumber used in constructing many of San Francisco's early structures. John Reed, an Irisih immigrant, began his sawmill operations in 1834, the same year in which he obtained a land grant from Mexican Governor José Figueroa. The town was originally named Adams after Jerry Adams, the town’s first postmaster and owner of a downtown hotel and tavern. In 1916, Adams became Corte Madera when the town incorporated.
The 2019 U.S. Census reported 9,838 residents in the small exclusive enclave. Corte Madera joined the neighboring towns of Larkspur and San Anselmo to form the Central Marin Police Authority.
Mill Valley lies 3.7 miles south of Corte Madera and is located on the shores of Richardson Bay. The town’s earliest population boom came in 1906 in the wake of the San Francisco earthquake which devastated most of San Francisco and Marin County. Mill Valley was incorporated in 1900.
Local attractions in Corte Madera and Mill Valley include Tom’s Muir Woods, Camino Alto Open Space Preserve, Muir Woods National Monument, and The Village at Corte Madera.
Contact your Marin County, California reverse mortgage lender today.
Homa Rassouli and her team at Mutual of Omaha Mortgage are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
Call Homa today at 415-223-9481 to learn more or complete the steps here to get your free quote.
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