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Calistoga homeowners have built serious equity over the years. Wine country appreciation means many seniors here are sitting on wealth tied up in their walls.
A reverse mortgage converts that equity into cash. No monthly mortgage payment required — you stay in your home and access what you've earned.
62 years old
Minimum Age
HECM or Jumbo
Loan Type
None required
Monthly Payment
Required before closing
HUD Counseling
Fixed or adjustable
Rate Type
Reverse Mortgages in Calistoga
You must be at least 62 years old. The home must be your primary residence — not a vacation property or rental.
Lenders require a financial assessment to confirm you can cover taxes, insurance, and maintenance. Credit score matters less here than with conventional loans.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Calistoga.
Calistoga homeowners have built serious equity over the years. Wine country appreciation means many seniors here are sitting on wealth tied up in their walls.
A reverse mortgage converts that equity into cash. No monthly mortgage payment required — you stay in your home and access what you've earned.
You must be at least 62 years old. The home must be your primary residence — not a vacation property or rental.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by the FHA. A handful of private "jumbo" reverse products also exist for high-value homes.
Calistoga properties often carry substantial value. A jumbo reverse mortgage may unlock more equity than an FHA HECM's loan limits allow. We shop both.
HUD requires independent counseling before closing a HECM. Budget time for that step — it's mandatory, not optional.
One thing clients miss: the loan balance grows over time. If you plan to leave the home to heirs, talk through the numbers before you commit.
A HELOC gives you a credit line but requires monthly payments. A reverse mortgage does not — that distinction matters on a fixed income.
Home equity loans work similarly but still require payments. If cash flow is the goal, reverse mortgages are the only equity product with no monthly payment obligation.
Calistoga sits at the northern end of Napa Valley. Properties here often carry premium valuations tied to the wine region — which works in your favor for equity access.
Wildfire risk is real in this area. Lenders will verify you maintain hazard insurance. Gaps in coverage can jeopardize your loan.
Yes, if you fail to pay property taxes, insurance, or let the home fall into disrepair. Stay current on those obligations and you keep the home.
FHA HECM limits may cap what you can borrow. A jumbo reverse mortgage product could access more of your equity.
The loan becomes due. Heirs can sell the home or refinance to pay it off. They keep any remaining equity after the balance is settled.
Reverse mortgage proceeds are loan advances, not income. They are generally not taxable — but consult your tax advisor.
A HUD-approved counselor walks you through costs, risks, and alternatives. It takes about 90 minutes and must happen before you apply.
Eligible non-borrowing spouses have deferral protections under HECM rules. They can remain in the home after the borrower's death.