Loading
Loading
Corte Madera sits in one of California's wealthiest counties. Marin homeowners typically carry decades of built-up equity.
A reverse mortgage lets homeowners 62+ tap that equity as cash. No monthly mortgage payment is required.
62 years old
Minimum Age
Not required
Monthly Payment
Primary residence only
Occupancy Requirement
HECM (FHA-insured)
Most Common Type
Before closing
Counseling Required
Reverse Mortgages in Corte Madera
You must be 62 or older and own your home outright or carry a small remaining balance. The home must be your primary residence.
Lenders require a financial assessment — think income, credit history, and ability to pay taxes and insurance. You don't need perfect credit, but you can't ignore those obligations.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Corte Madera.
Corte Madera sits in one of California's wealthiest counties. Marin homeowners typically carry decades of built-up equity.
A reverse mortgage lets homeowners 62+ tap that equity as cash. No monthly mortgage payment is required.
You must be 62 or older and own your home outright or carry a small remaining balance. The home must be your primary residence.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages insured by FHA. Not every lender handles them well.
We work with 200+ wholesale lenders. We match Corte Madera borrowers to lenders who specialize in HECM and know Marin property types.
Corte Madera homes often exceed the HECM loan limit. In that case, a jumbo reverse mortgage may be the right call.
Counseling is mandatory before any reverse mortgage closes. HUD-approved counselors explain all options — attend with family if possible.
A HELOC also pulls equity — but requires monthly payments and has a credit limit that can be frozen. A reverse mortgage has no required monthly payment.
Home Equity Loans give you a lump sum with fixed payments. If cash flow is the issue, a reverse mortgage usually wins for borrowers 62+.
Marin County property taxes are significant. A reverse mortgage can fund those payments and keep you in your home longer.
Corte Madera's high home values mean more equity to access. That's a real advantage when sizing a reverse mortgage.
Yes. You keep title to your home. The lender places a lien — that's it.
The loan becomes due. Your heirs can sell the home, repay the loan, or refinance to keep it.
Yes, and it often does in Marin. A jumbo reverse mortgage covers higher-value properties beyond HECM limits.
Generally no — it's loan proceeds, not income. Confirm with your tax advisor.
You can if you stop paying taxes, insurance, or let the property fall into disrepair. Those obligations don't go away.
It depends on your age, home value, and current interest rates. Older borrowers with more equity qualify for more. Rates vary by borrower profile and market conditions.