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Arcadia homeowners have built serious equity over the years. A reverse mortgage lets you access that equity without selling or making monthly payments.
This loan is for borrowers 62 and older. You stay in your home and convert equity into cash — tax-free proceeds you control.
62 years old
Minimum Age
Not required
Monthly Payments
HECM (FHA-backed)
Loan Type
Primary home only
Residence Requirement
Required before close
HUD Counseling
Reverse Mortgages in Arcadia
You must be 62 or older and live in the home as your primary residence. The home must have enough equity to meet lender requirements.
You still pay property taxes, insurance, and maintenance. Falling behind on those can trigger default — lenders take that seriously.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Arcadia.
Arcadia homeowners have built serious equity over the years. A reverse mortgage lets you access that equity without selling or making monthly payments.
This loan is for borrowers 62 and older. You stay in your home and convert equity into cash — tax-free proceeds you control.
You must be 62 or older and live in the home as your primary residence. The home must have enough equity to meet lender requirements.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages backed by FHA. That federal backing gives you strong consumer protections.
Not every lender prices these the same. Fees, rates, and payout structures vary widely. Shopping matters more than most borrowers realize.
The biggest mistake I see? Borrowers waiting too long. The older you are and the more equity you have, the more you can access.
A lump sum isn't your only option. Line of credit, monthly payments, or a combo — pick what fits your retirement income plan.
A HELOC gives you a credit line too — but requires monthly payments and strong income. Most retirees don't want that pressure.
A home equity loan is a lump sum with fixed payments. A reverse mortgage gives you flexibility with zero required monthly payments.
Arcadia sits in the San Gabriel Valley, a market where homeowners who bought decades ago are sitting on substantial equity.
LA County home values have climbed significantly over time. That appreciation directly increases what a reverse mortgage can pay out.
No. You keep the title and stay on as owner. The lender places a lien, just like any other mortgage.
The loan becomes due. Your heirs can sell the home, repay the balance, or refinance to keep it.
Yes. HUD rules protect eligible non-borrowing spouses. They can remain in the home after the borrower passes.
It depends on your age, home value, and current interest rates. Older borrowers with more equity access more. Rates vary by borrower profile and market conditions.
No. Reverse mortgage proceeds are loan advances, not income. Consult a tax advisor to confirm how it applies to your situation.
Federal law requires you to complete a session with an approved HUD counselor before closing. It typically takes about an hour.