What is the minimum age for a reverse mortgage in San Rafael, California?

To qualify for a reverse mortgage in San Rafael, you must be at least 62 years old. The home must be your primary residence, you must have significant equity, and you must keep up with property taxes, homeowner's insurance, and maintenance. For jumbo reverse mortgages, some programs allow qualifying starting at age 55.

How much can I borrow with a reverse mortgage in San Rafael?

In San Rafael, where home values often reach $1.2M+, the 2026 HECM lending limit is $1,209,750. For higher-value homes, jumbo reverse mortgages can access up to $4–$6M of equity. The exact amount depends on your age, home value, and current interest rates.

Can I get a reverse mortgage if I still have a mortgage in San Rafael?

Yes. A reverse mortgage in San Rafael can pay off your existing mortgage as part of the loan proceeds, eliminating your monthly payment entirely. You must have sufficient equity to cover the payoff and still qualify for the program.

What are the upfront costs of a reverse mortgage in San Rafael?

HECM costs in San Rafael typically include a 2% FHA upfront MIP, origination fees (capped at $6,000), a $125 HUD-approved counseling session, appraisal, and closing costs. Most costs are financed into the loan. Jumbo reverse mortgages have no FHA MIP.

How do I choose a reverse mortgage lender in San Rafael, California?

Look for a California-licensed lender (CA DRE + NMLS) with access to both HECM and jumbo programs. DiVita Home Finance (NMLS #323700, CA DRE #01818285) shops 40+ lenders to find the best rates for San Rafael homeowners. Always compare lenders and complete HUD counseling first.

Reverse Mortgage San Rafael CA | HECM Expert

Reverse Mortgage for San Rafael Homeowners

If you’re 62 or older and own a home in San Rafael, a reverse mortgage could be one of the most powerful retirement tools available to you. DiVita Home Finance helps San Rafael seniors access their home equity through HECM and jumbo reverse mortgage programs — with no monthly mortgage payments required and no obligation to sell.

San Rafael Home Values & Reverse Mortgage Opportunity

The median home value in San Rafael is approximately $1.3 million. San Rafael is Marin County’s largest city and home to many long-term homeowners who purchased decades ago at a fraction of today’s values. A reverse mortgage lets San Rafael seniors tap into this appreciation without moving.

Reverse Mortgage Options for San Rafael

HECM Reverse Mortgage — FHA-insured, for homes up to $1,209,750 in value. Lowest cost structure and maximum consumer protections.
Jumbo Reverse Mortgage — Private programs for high-value homes. Allows significantly more proceeds for San Rafael properties above the HECM cap.
HECM for Purchase — Buy a new home in San Rafael or elsewhere in California without monthly mortgage payments.

Who Qualifies in San Rafael?

Homeowner age 62 or older (some jumbo programs start at 55)
Primary residence in San Rafael or surrounding areas including Terra Linda, Dominican, Sun Valley, and Downtown San Rafael
Sufficient equity — typically 50%+ of home value
Current on property taxes and homeowner’s insurance

How Much Can San Rafael Homeowners Receive?

Your available proceeds depend on your age, current interest rates, and your home’s value. Older borrowers and higher home values yield more proceeds. Call us for a no-obligation calculation specific to your San Rafael property and situation.

Why DiVita Home Finance for Your San Rafael Reverse Mortgage?

Wholesale access: We work with 40+ lenders — not just one program
HECM and jumbo expertise: We compare both to find what’s best for your home value
California specialists since 2007: We understand high-value California real estate
No pressure, no obligation: We educate first, then let you decide

Reverse Mortgage FAQ — San Rafael

Do I still own my home?

Yes. You retain title throughout the life of the loan.

What if my home is worth more than the HECM limit?

A jumbo reverse mortgage lets you access equity above the $1,209,750 HECM cap — important for many San Rafael homeowners.

Can I use a reverse mortgage to buy a new home?

Yes — the HECM for Purchase lets seniors buy a new home with no monthly mortgage payments.

Free Reverse Mortgage Consultation — San Rafael

We’ll calculate your estimated proceeds and compare HECM vs. jumbo options at no charge.

📞 800-239-1103 Get My Estimate

DiVita Home Finance | NMLS #323700 | CA DRE #01818285

About DiVita Home Finance

DiVita Home Finance is a small, family-owned mortgage company based in Marin County, California. When you call, you speak directly with Michael DiVita — the owner — not a call center, not an out-of-state rep, not someone reading from a script. We’re here for a low-key, no-obligation conversation about your situation.

We take your privacy seriously. We will never sell your information to third-party lenders or lead generation companies — unlike many of the large mortgage platforms. Your inquiry stays with us, period.

📞 Call: (800) 239-1103 | 💬 Text Michael directly: (310) 849-9124

Reverse Mortgage San Rafael CA | HECM Expert | DiVita Home Finance