San Joaquin County, California
Reverse Mortgage in Ripon, CA
Ripon is just up Highway 99 from our Modesto office. We help local homeowners compare a reverse mortgage with other choices, like downsizing or a home equity line of credit.
What is a reverse mortgage?
A reverse mortgage (HECM) lets Ripon homeowners 62 and older turn part of their home equity into cash without selling or making a required monthly mortgage payment. Property taxes, insurance and upkeep still apply. You keep ownership, and the loan is repaid when you sell or move out for good.
How Ripon homeowners use it
- Pay off an existing mortgage and end monthly mortgage 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
FREE 20-MINUTE VIDEO CLASS
Reverse mortgages, explained clearly.
Ed explains who qualifies, the costs, your responsibilities, what happens to the home, and the alternatives, with a worked example.
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Reverse Mortgages: The Straight Story · 20 minutes · Watch anytime
Common questions
Who qualifies for a reverse mortgage in Ripon?
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 Ripon?
It depends on the youngest borrower's age, your home's value (up to the 2026 FHA limit of $1,249,125), and current interest rates. Our free calculator gives an estimate 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. Non-recourse loan: when the loan is repaid, you or your heirs won't owe more than the home's value at that time. Heirs who keep the home pay the loan balance or 95% of the appraised value, whichever is less. You still pay property taxes, insurance and upkeep, and live in the home.
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.
Serving Ripon and nearby
We also help homeowners in Salida, Manteca, Escalon, Modesto. Meetings are in person, by phone, or by video. Lending For Living, NMLS #855360. Equal Housing Opportunity.