California Reverse Mortgage Lenders

California Reverse Mortgage Snapshot: The proportion of California's population classified as elderly is expected to increase from 10.6 percent in 2000 to 17.8 percent in 2030. Among the 50 states and District of Columbia, the state had the 46th highest proportion of elderly in 2000 and is projected to have the 43rd highest proportion of elderly in 2030.

Unlike regular mortgages, reverse mortgages aren’t available from from any bank or financial institution. They have to be an approved Home Equity Conversion Mortgage (HECM) lender.

(U.S. Bureau of the Census, Population Division; U.S. Department of Housing and Urban Development HECM Activity Reports)

Links:
Reverse Mortgage Lender
Reverse Mortgages