California’s economy has recently eclipsed the United Kingdom in terms of gross domestic product—placing it as the fifth largest economy in the entire world. It is the most populous state in the nation, home to a population of nearly forty million people—10% of whom are over the age of 60. Due to the enormous market, there is no shortage of reverse mortgage lenders in California that are willing to assist eligible borrowers. Premier Reverse Mortgage, a professional reverse mortgage company licensed in California, is here to help you move forward with the right information you need to make an informed decision.
FHA Loan Limits in California
The Federal Housing Administration (FHA) works closely with the Department of Housing and Urban Development (HUD) to make home ownership affordable across the country. The FHA sets a national loan limit on any type of mortgage lending. This limit was increased in 2018 after HUD officials announced the change in November of 2017. This was in response to rising home prices across the state and elsewhere in the US. For a detailed overview of how this will directly affect you and your family, contact us for a free consultation.
Customized & Professional Reverse Mortgage Counseling in California
As a reverse mortgage company licensed in California, Premier Reverse Mortgage has seen all the most common scenarios in the state. We are, as a result, fully equipped to handle anything that comes our way. At Premier Reverse Mortgage, we get to know our clients on a personal level so that we can modify our service as needed. Your reverse mortgage consultation is free, and we give you all the details specific to the state of California’s reverse mortgage lender rules and regulations. This way, you have all the right tools you need to make choices that are right for you. Reach out to us today to explore your options.