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San Juan Bautista is a small, historic town in San Benito County. Many long-term homeowners here have built significant equity over decades.
A reverse mortgage lets homeowners 62 and older tap that equity. No monthly mortgage payment is required as long as you live in the home.
62 years old
Minimum Age
None required
Monthly Payment
FHA HECM
Common Program
Before closing
Counseling Required
Reverse Mortgages in San Juan Bautista
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 a financial assessment. They check income, credit history, and property taxes 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 San Juan Bautista.
San Juan Bautista is a small, historic town in San Benito County. Many long-term homeowners here have built significant equity over decades.
A reverse mortgage lets homeowners 62 and older tap that equity. No monthly mortgage payment is required as long as you live in the home.
You must be 62 or older and own your home outright or have a low remaining balance. The home must be your primary residence.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages insured by FHA. Not every lender offers them.
We work with wholesale lenders who specialize in reverse products. That gives San Juan Bautista borrowers more options than a single retail bank.
The biggest mistake I see is waiting too long. Borrowing at 62 versus 75 affects how much equity you can access.
HUD-approved counseling is mandatory before closing. It takes a few hours and is genuinely useful — don't rush through it.
A HELOC gives you a credit line but requires monthly payments. A reverse mortgage does not — that difference matters on a fixed income.
Home equity loans also require payments. For seniors who need cash flow, not just credit access, a reverse mortgage is often the stronger fit.
San Juan Bautista has a small, stable housing market. Homes here tend to hold value, which supports strong equity positions for long-term owners.
San Benito County property taxes are a key factor. Lenders verify you can cover taxes and insurance — that's part of the financial assessment.
Yes. You keep the title. The lender places a lien, but you own the home as long as you meet loan terms.
The loan becomes due. Your heirs can sell the home, repay the balance, or refinance to keep it.
If your spouse is listed as a non-borrowing spouse, they may remain in the home under specific FHA protections.
Yes. HUD-approved counseling is federally required before any HECM closes. It applies everywhere, including San Juan Bautista.
There is no minimum credit score for HECMs. Lenders still run a financial assessment to check payment history and obligations.
It depends on your age, home value, and current interest rates. Older borrowers typically access a larger share of equity.