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Galt is a small Sacramento County city with a tight-knit community. Many long-term homeowners here have built significant equity over the years.
That equity can work for you. A reverse mortgage converts it into cash — no monthly mortgage payments required.
62 Years Old
Minimum Age
None Required
Monthly Payments
HUD-Approved
Counseling Required
HECM (FHA-Insured)
Loan Type
Fixed or Adjustable
Rate Type
Reverse Mortgages in Galt
You must be 62 or older and own your home outright — or have a low remaining balance. The home must be your primary residence.
Lenders also require you to complete HUD-approved counseling. This protects you and ensures you understand the loan terms before signing.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Galt.
Galt is a small Sacramento County city with a tight-knit community. Many long-term homeowners here have built significant equity over the years.
That equity can work for you. A reverse mortgage converts it into cash — no monthly mortgage payments required.
You must be 62 or older and own your home outright — or have a low remaining balance. The home must be your primary residence.
Not every lender offers reverse mortgages. Fewer still know how to structure them well for Sacramento County borrowers.
At SRK CAPITAL, we shop across 200+ wholesale lenders. We find the program that fits your situation — not just the first one available.
The biggest mistake I see: seniors waiting too long. Home values shift, and so do lending limits.
Structuring a reverse mortgage correctly matters. Choosing lump sum vs. line of credit vs. monthly payments changes your long-term financial picture significantly.
A HELOC gives you a credit line too — but requires monthly payments. If cash flow is the goal, a reverse mortgage wins.
Home Equity Loans and Conventional cash-out refis also tap equity. But both add a monthly obligation. Reverse mortgages eliminate that entirely.
Galt homeowners who bought decades ago likely have strong equity positions. That makes reverse mortgages particularly viable here.
Sacramento County property taxes are real. A reverse mortgage can free up cash to cover those costs without selling or downsizing.
No. You keep the title. The loan is repaid when you sell, move out, or pass away.
Non-borrowing spouses have protections. They can stay in the home even if the borrowing spouse passes away.
Yes, but the reverse mortgage must pay off the existing loan first. Remaining equity comes to you.
Generally no. Loan proceeds are not considered income. Consult a tax advisor for your specific situation.
You can take a lump sum, a line of credit, or monthly payments. You can also combine these options.
HECM loans are FHA-insured. You or your heirs will never owe more than the home's appraised value at sale.