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Belvedere homeowners sit on some of the highest home values in Marin County. That equity is the engine behind a reverse mortgage.
If you're 62 or older and own your home outright — or nearly — a reverse mortgage converts that equity into tax-free cash. No monthly payment required.
62 years old
Minimum Age
None required
Monthly Payments
Required for HECMs
HUD Counseling
HECM or Jumbo
Loan Options
Sale, move-out, or death
Repayment Trigger
Reverse Mortgages in Belvedere
You must be 62 or older, live in the home as your primary residence, and have significant equity. Lenders also verify you can cover property taxes and insurance.
Credit score requirements are less strict than conventional loans. But a financial assessment still happens — lenders want to confirm you can maintain the home.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Belvedere.
Belvedere homeowners sit on some of the highest home values in Marin County. That equity is the engine behind a reverse mortgage.
If you're 62 or older and own your home outright — or nearly — a reverse mortgage converts that equity into tax-free cash. No monthly payment required.
You must be 62 or older, live in the home as your primary residence, and have significant equity. Lenders also verify you can cover property taxes and insurance.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by FHA. They carry federally set borrowing limits and require HUD-approved counseling.
We work with 200+ wholesale lenders. That means we can compare HECM programs and proprietary jumbo reverse products — both matter in a market like Belvedere.
Belvedere home values often exceed the HECM lending limit. That's where proprietary jumbo reverse mortgages come in — they're not government-backed, but they can access more equity.
The biggest mistake I see: waiting too long. The older you are, the more you can borrow. But health changes can complicate the process. Start the conversation early.
A HELOC also taps equity — but it requires monthly payments and income to qualify. A reverse mortgage eliminates the payment entirely, which changes the retirement math.
Home equity loans are lump-sum, too, but again — monthly payments. For fixed-income retirees in Belvedere, that's often the dealbreaker. Rates vary by borrower profile and market conditions.
Belvedere is a small, affluent island city in Marin. Most homeowners here have owned for decades — that means deep equity and strong reverse mortgage eligibility.
Property taxes in Marin are significant. One common use of reverse mortgage proceeds: covering those taxes without dipping into savings or selling the home.
No. You keep the title and stay in the home. The loan is repaid when you sell, move out, or pass away.
A proprietary jumbo reverse mortgage may let you access more equity. We shop both options for Belvedere borrowers.
Yes, if your spouse is also on the loan or listed as an eligible non-borrowing spouse. This requires specific documentation at closing.
Yes, for HECMs it's federally mandated. It takes about 90 minutes and must happen before you apply.
They repay the loan balance — usually by selling the home. They keep any remaining equity after repayment.
You choose: lump sum, monthly payments, a line of credit, or a combination. Each structure has different tax and cash flow implications.