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Pleasanton homeowners 62+ are sitting on serious equity. That equity can work for you — without selling and without monthly payments.
Alameda County home values have been strong for years. A reverse mortgage lets you tap that value and stay in the home you own.
62 years old
Minimum Age
None required
Monthly Payments
HECM (FHA-backed)
Loan Type
Yes — before closing
Counseling Required
Reverse Mortgages in Pleasanton
You must be 62 or older to qualify. The home must be your primary residence — not a vacation property or rental.
You'll need enough equity to satisfy the loan. Lenders also verify you can cover property taxes, insurance, and maintenance.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Pleasanton.
Pleasanton homeowners 62+ are sitting on serious equity. That equity can work for you — without selling and without monthly payments.
Alameda County home values have been strong for years. A reverse mortgage lets you tap that value and stay in the home you own.
You must be 62 or older to qualify. The home must be your primary residence — not a vacation property or rental.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by FHA. Not every lender offers them.
We work with wholesale lenders who specialize in reverse products. That matters because HECM pricing varies more than people expect.
HUD requires independent counseling before you close. Budget time for that step — it's mandatory, not optional.
Spouses under 62 need to be listed as non-borrowing spouses. This protects them if the borrower passes away first.
A HELOC gives you a credit line but requires monthly payments. A reverse mortgage line of credit has no required payment.
Home equity loans are a lump sum with fixed payments. For fixed-income seniors, that monthly obligation can be a real burden.
Pleasanton sits in the Tri-Valley, one of the stronger equity markets in the Bay Area. That often translates to higher available loan amounts.
As of April 2026, the HECM lending limit is set federally — but high Pleasanton values mean many borrowers max that limit out fast.
No. The loan is repaid when you sell, move out, or pass away. You must still pay taxes and insurance.
Your heirs can sell the home to repay the loan or refinance it. Any remaining equity goes to them.
Yes, if your spouse is listed as a non-borrowing spouse. They can remain in the home without repaying the loan.
It depends on your age, home value, and current rates. Older borrowers with more equity qualify for more. Rates vary by borrower profile and market conditions.
Yes. HUD mandates it before any reverse mortgage closes. It's designed to make sure you understand all terms.
Jumbo reverse mortgages exist for higher-value homes. Pleasanton properties often qualify, depending on appraisal and lender guidelines.