Reverse Mortgage in Modesto, CA
Lending For Living is based in Modesto, so we meet homeowners in person, at their kitchen table or in our office. We help Modesto homeowners 62 and older see how a reverse mortgage could turn home equity into tax-free cash with no monthly mortgage payment.
Quick answer: what is a reverse mortgage?
A reverse mortgage (HECM) lets Modesto homeowners 62 and older turn part of their home equity into tax-free cash without selling or making a monthly mortgage payment. You keep ownership, and the loan is repaid when you sell or move out for good.
How Modesto homeowners use it
- Pay off an existing mortgage and end monthly payments
- Add steady monthly income to Social Security or a pension
- Keep a line of credit that can grow over time for future needs
- Cover home repairs, medical costs, or in-home care
Common questions
Who qualifies for a reverse mortgage in Modesto?
You must be 62 or older, live in the home as your main residence, have enough equity, and keep paying property taxes, homeowners insurance, and upkeep. You also complete a session with a HUD-approved counselor.
How much can I get from a reverse mortgage in Modesto?
It depends on the youngest borrower's age, your home's value (up to the 2026 FHA limit of $1,249,925), and current interest rates. Our free calculator gives an estimate in about a minute with no personal information required.
Do I still own my home?
Yes. You keep the title. The loan is repaid when the last borrower sells, moves out for good, or passes away, and you or your heirs never owe more than the home is worth.
Do I have to make monthly payments?
No monthly mortgage payment is required. You still pay property taxes, homeowners insurance, and keep up the home.