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Novato Reverse Mortgages

Shop for the best deals for Novato, California reverse mortgages.

Find the best deal on reverse mortgages in Novato and Marin County California.

Call Today: (415) 223-9481

...or follow the steps below for a free evaluation and quote.

Novato City Hall
Novato City Hall

Novato, California 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 Novato and Marin County and throughout California.

Each of our originators has a team of experienced professionals who are familiar with the specific needs of homeowners in Novato, San Rafael, Petaluma, 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.

The Novato Housing Market

How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the greater Novato and the North Bay region.

Novato home prices and demographics

In 2020 the median home value in Novato, California was $928,000. The current maximum lending limit for FHA-insured reverse mortgages is $822.375 which means many homes in Novato and in the surrounding area would see most if not all of their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. Homes above $822,375 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.

Reverse mortgages calculate the maximum available loan benefit 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.

Olompali State Historic Park, Novato, California

Novato began as an early settlement of the Coast Miwok indigenous people in the 1300’s. In the mid-1800’s Mexico made several land grants to notable ranchers of the day. In 1856 the town had its first post office. Novato’s historical landmarks include the Druid’s Hall, a Presbyterian Church that once served as city hall, and the Pacheco Ranch Winery.  Footwear fans should note that Birkenstock Footprint Sandals headquarters is located inside the city limits. 

Contact your Novato and Marin County reverse mortgage lender today

Homa 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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