California Reverse Mortgage


Reverse Mortgage in California

Good Day Reverse originates reverse mortgage loans in California. As a company our principals have over a decade of reverse mortgage experience in CA. Who else will work tirelessly for you when it is 72 and sunny!

California Reverse Mortgage Discounts

If you are looking for a reverse mortgage in California then you have found the right company. Good Day Reverse offers great programs and discounts to all homeowners in California. Why get less when you can get more!

California Rates & Programs

Since we are a California reverse mortgage company we know what it takes to create a fast and easy loan process. We understand California requirements for the reverse mortgage counseling and appraisal. Contact us today!



CALIFORNIA HOME VALUES

The median home value in California is $524,000. California home values have gone up 8.1% over the past year and Zillow predicts they will rise 4.1% within the next year. The median list price per square foot in California is $292. The median price of homes currently listed in California is $495,000 while the median price of homes that sold is $461,500. The median rent price in California is $2,600.


CALIFORNIA FORECLOSURES

Foreclosures will be a factor impacting home values in the next several years. In California 1.1 homes are foreclosed (per 10,000). This is lower than the national value of 1.6.


CALIFORNIA MORTGAGE DELINQUENCY

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in California is 0.9%, which is lower than the national value of 1.6%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of California homeowners underwater on their mortgage is 6.7%.



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The information listed about California home values, foreclosures and mortgage delinquency can be found on Zillow.

Bureau of Real Estate License 02012283


California Reverse Mortgage Areas We Service


Orange County


Palm Springs


Riverside

Los Angeles


San Diego


Sacramento

San Jose


Fresno


Ventura



Discounted Origination Fee

Good Day Reverse is excited to announce that we have updated our origination fee discounts for 2018! At a minimum we discount our origination fee by 25%. In scenarios where a loan balance is $200,000 or more we offer programs where we discount the origination fee by 50% and even waive completely down to $0!


$0 Out-of-Pocket Appraisal Fee

You do not need to pay an out-of-pocket appraisal fee. Nada. Zip. Zilch. We give all of our clients the option to pay the appraisal fee outside of closing, or have us finance the fee, so you don't have to pay out-of-pocket. We make it easy!



Choose From Multiple Programs

Choose the reverse mortgage program that works best for you! In 2018 it is more important than ever that you have multiple options to choose from since the program can be a difference of qualifying for $15,000 less, or when working with Good Day Reverse a possibility of $15,000+ more!


$0 Monthly Servicing Fee

No monthly servicing fees are charged on any of our HECM government insured reverse mortgage programs. This not only saves $25-$35 a month on your loan, but it also qualifies you to receive thousands more. This discount does not apply to the proprietary jumbo reverse mortgage program.



LOAN TEAM

Are you ready to work with one amazing reverse mortgage loan advisor rather than getting passed around to different departments? I thought you would say that. With Good Day Reverse you will have one dedicated loan advisor that will walk you through the process from start to finish. Anything you need they will be available any time. Even on weekends and at night!


PROCESSING TEAM

We are proud to say that we do ALL loan processing in-house. Your file is not sent to a third-party company or an independent contractor. We created an environment where the loan advisors can work directly with the loan processor for a smooth loan process. This allows us to process your reverse mortgage loan more effectively and efficiently.



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Toll-Free: 877-676-6542

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California Reverse Mortgage Data

California is one of the largest reverse mortgage markets in the United States. Areas like Orange County, Los Angeles, San Diego, Riverside, San Jose and Palm Springs are some of the areas that make up the region. Reverse mortgages have increased in popularity throughout the years and the proof is in the numbers.

12-months as of January 2018

California Reverse Mortgage Volume: 13,294

Good Day Reverse is your reverse mortgage company for California. We are here to answer any questions you may have and lead you through the reverse mortgage loan process. Whether it is our locality, great programs, or discounts we are becoming the #1 choice! We look forward to hearing from you.

Data was provided by HUD Neighborhood Watch


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