Standard Lenders

Reverse Mortgage Loan

Reverse Mortgage Loan

Whether you already have a reverse mortgage and you’re looking for a better deal, or you’re looking for the best reverse mortgage loan for senior citizens, Standard Lenders is here to help you. We set the standard for quality reverse mortgage service and would love to work with you to come up with an individualized plan for your circumstances.


A trained agent will meet with you over the phone or in your home to explain to you what options you have and what will be the best fit for you.


You will meet with a government licensed counselor to help you make an informed decision on if Reverse Mortgages are right for you.


We will send you a copy of the application and a licensed agent will walk you through every question you might have before it is submitted.


A licensed third-party appraiser will come to your home to assess the home value.


Everything is complete and we are ready for you to sign and start retiring comfortably!

The Benefits of Reverse Mortgages

Reverse mortgages allow you to eliminate monthly mortgage payments* while accessing tax-free proceeds so you can spend your money the way you need and want to. Our reverse mortgage loans for senior citizens allow California residents to comfortably stay in their homes, using their equity so they can age in place and enjoy the home they love.

Reverse mortgage loans are a great option for seniors who want more financial flexibility. Leveraging your home’s equity may be all you need to live comfortably and have peace of mind in your financial security.

*Borrower is still responsible to pay property taxes, homeowner’s insurance, and home maintenance costs

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The Requirements for Reverse Mortgages

Homeowners must be at least 62 years old to qualify for reverse mortgages in CA. There are also other requirements for financial assessments and future commitments, including paying property taxes and homeowner’s insurance. Homes must be primary residences and approved types. Attendance at HUD-approved counseling is also required for reverse mortgages in CA.

Other Factors to Consider for Reverse Mortgages

Meeting all the qualifications for reverse mortgages doesn’t mean you’re done with your research. Reverse mortgage amounts can be counted as income, which is typically tax-free. This means that reverse mortgage loans for senior citizens may affect potential borrowers’ eligibility for Medicaid under the “needs-based” requirement.

Individual circumstances will allow different rates and amounts, so individual tax consequences for a reverse mortgage in CA may vary. Contact us to get a personalized view of whether a reverse mortgage will be tax-deductible and how it can affect your finances.

Additional Reverse Mortgage Allowances

Moving beyond monthly loan payments, there are other allowances that could be afforded in certain reverse mortgage circumstances. You can sell a house with a reverse mortgage if you want, taking the remaining cash after selling your owned property and paying back the loan to finance your new home. This constitutes one situation where a reverse mortgage can be bought back.

You can also use a reverse mortgage to purchase a home, under certain conditions. Similarly, in some circumstances, short sales can be done on reverse mortgage loans for senior citizens.

Individualize your Reverse Mortgage

Each process, amount, and considerations for a reverse mortgage in CA is unique. Amounts vary based on the age of the youngest borrower, the current interest rate of the property, and lending limits from the FHA, among other factors. Further, your reverse mortgage funds as either a cash lump sum. a line of credit or receive monthly payments (term or tenure). You can customize your reverse mortgage process every step of the way with individualized help from Standard Lenders.

Our Role in Reverse Mortgages in California

We follow an incremental process to provide you quality reverse mortgage service. First, our trained agents will provide you with individualized education. Then you will meet with a government licensed counselor as you make an informed decision. If you decide you want a reverse mortgage loan for senior citizens, we will walk you through the application. After a third-party appraiser assesses your home’s value, you will be able to sign and start retiring comfortably. If you’re ready to start this process, get your free quote or contact Standard Lenders today.