Shop the best deals for San Francisco, California reverse mortgages.
Find the best deal on reverse mortgages in San Francisco, California and the Bay Area.
San Francisco, 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 San Francisco and San Francisco County and throughout the Bay Area.
Each of our originators has a team of experienced professionals who are familiar with the specific needs of homeowners in San Francisco, Daly City, Burlingame, and Tiburon. 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 the greater Novato and the North Bay region.
San Francisco Reverse Mortgage Facts
In 2020 the median home value in San Jose was $1.43 Million. Many homeowners in San Francisco County may choose to apply for a private jumbo reverse mortgage instead of the federally-insured reverse mortgage which only considers the first $822,375 of the home’s appraised value. Unlike the federal-insured reverse mortgage, a private reverse mortgage includes several million dollars of the appraised value (limits vary by the lending institution) providing significantly more access to your home’s value.
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 San Francisco
The iconic and storied city of San Francisco sits at the northern tip of the eponymous peninsula which bears the same name. Considered the cultural and financial capital of Northern California, San Francisco is home to 881,549 residents as of 2019. It is the fifth-most populous city in the United States, only behind the four boroughs of New York City.
The city was settled in 1776 by Spanish colonists and is named after Saint Francis of Assisi. San Francisco is perhaps best known as the embarkation point for prospectors and speculators during the California Gold Rush of 1849. Twenty-five percent of California’s population lived in the city between 1870-1900. Perhaps the most famous disaster in American history struck in 1906 with the San Francisco Earthquake which destroyed three-quarters of the city as a result of the quake and widespread fire.
While certainly a densely populated urban center, San Francisco features some of the most beautiful landmarks and natural attractions in the U.S.
Points of interest include the Golden Gate Bridge, Alcatraz Federal Penitentiary, Golden Gate Park, Chinatown, Cable Cars, and Fisherman’s Wharf. Other well known landmarks include Coit Tower, the Palace of Fine Arts, and the Transamerica Tower.
The city is home to Gap, Levis Strauss & Co., Wells Fargo, and Salesforce.
Contact your San Francisco and Bay Area 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.
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