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Sausalito homeowners sitting on decades of equity have real options. A reverse mortgage converts that equity into cash — no monthly payments required.
Marin County property values run high. That works in your favor here. More equity means more you can access through a reverse mortgage.
62 years old
Minimum Age
None required
Monthly Payment
Yes — HUD approved
Counseling Required
HECM or Jumbo
Loan Type
Sale or vacancy
Loan Due When
Reverse Mortgages in Sausalito
You must be at least 62 years old. The home must be your primary residence — not a rental or vacation property.
You still pay property taxes, homeowners insurance, and maintenance. Failing to keep up with those can trigger default.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Sausalito.
Sausalito homeowners sitting on decades of equity have real options. A reverse mortgage converts that equity into cash — no monthly payments required.
Marin County property values run high. That works in your favor here. More equity means more you can access through a reverse mortgage.
You must be at least 62 years old. The home must be your primary residence — not a rental or vacation property.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by FHA. A handful of private jumbo reverse products also exist.
Jumbo reverse mortgages matter in Sausalito. FHA loan limits cap the HECM, but private products can go much higher for high-value homes.
Many clients come in thinking a reverse mortgage means giving up the home. It doesn't. You keep title. The loan is repaid when you sell or pass away.
The biggest mistake I see? Not comparing lenders. Reverse mortgage fees vary widely. A broker who shops wholesale lenders saves you real money.
A HELOC also taps equity but requires monthly payments. If cash flow is tight, that's a real problem for retired homeowners.
A reverse mortgage eliminates the monthly payment obligation. For fixed-income borrowers in Sausalito, that difference is significant.
Sausalito has a large population of long-term homeowners. Many bought decades ago and now hold enormous equity with little or no mortgage balance.
As of April 2026, Marin County remains one of California's highest-value markets. That equity concentration makes reverse mortgages especially useful here.
No. You keep title and ownership. The loan is repaid when you sell, move out, or pass away.
Yes. Jumbo reverse mortgage products go beyond FHA limits. They're built for high-value Marin County properties.
You stay in the home as long as it's your primary residence. The lender cannot force you out while you live there.
Yes. Expect origination fees, mortgage insurance, and title costs. Shop lenders — fees vary significantly across products.
It is. Federal law requires it before any HECM closes. It usually takes about an hour and can be done by phone.
You choose — lump sum, monthly payments, a line of credit, or a combination. The line of credit option grows over time.