Loan Programs
Reverse Mortgage in California
Access Your Home Equity — No Monthly Mortgage Payments Required
A reverse mortgage allows eligible California homeowners age 62 and older to convert a portion of their home equity into cash — without making monthly mortgage payments. It can be a valuable tool for supplementing retirement income, paying off an existing mortgage, covering healthcare costs, or funding home improvements.
At Patron Mortgage, we work with multiple reverse mortgage lending partners to help qualified borrowers understand their options and find the program that best fits their retirement goals.
How Does a Reverse Mortgage Work?
With a reverse mortgage, the lender pays you — rather than you paying the lender. You can receive funds as a lump sum, a line of credit, fixed monthly payments, or a combination. The loan balance grows over time as interest accrues, but you are not required to make payments while you live in the home.
The loan becomes due when the last borrower sells the home, permanently moves out, or passes away. Because reverse mortgages are non-recourse loans, neither you nor your heirs will ever owe more than the home's value at the time of repayment.
All borrowers are required to complete a HUD-approved reverse mortgage counseling session before proceeding. We can help coordinate this step.
Potential Benefits
- No monthly mortgage payments required
- Access your home equity as a lump sum, line of credit, or monthly payments
- Remain in your home as long as you meet loan requirements
- Non-recourse loan — you never owe more than the home's value
- Proceeds are generally tax-free (consult a tax advisor)
- FHA-insured HECM programs available
- Flexible disbursement options to fit your retirement plan
Basic Requirements
- At least one borrower must be age 62 or older
- The home must be your primary residence
- Sufficient home equity (typically 50% or more)
- Property must meet FHA minimum property standards
- Borrower must complete HUD-approved counseling
- Borrower must remain current on property taxes, insurance, and HOA fees
Why Choose Patron Mortgage?
A reverse mortgage is a significant financial decision. At Patron Mortgage, we take the time to explain your options clearly, answer your questions honestly, and help you determine whether a reverse mortgage is the right fit for your retirement plan.
- Experienced guidance through the reverse mortgage process
- Access to multiple HECM and proprietary reverse mortgage programs
- Honest, transparent advice — no pressure
- Help coordinating required HUD counseling
- Support from application through closing
Patron Mortgage is a licensed California mortgage broker. NMLS #1747739. Reverse mortgage products are subject to lender approval and borrower eligibility. This is not a commitment to lend.
Retirement Security Through Home Equity
A reverse mortgage can help eligible California homeowners age 62+ access their equity and supplement retirement income.
Patron Mortgage is a California-based mortgage broker serving homeowners and buyers statewide. NMLS 1747739
Get a Free QuoteFrequently Asked Questions
Common questions about reverse mortgages in California.
Learn If a Reverse Mortgage Is Right for You
Contact Patron Mortgage today for a no-obligation consultation. We'll review your situation, explain your options, and help you make an informed decision about your retirement financing.
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Serving California Homebuyers Statewide
Patron Mortgage is licensed throughout California. Browse our service areas to learn about local market conditions, loan limits, and programs available in your city.