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Chino homeowners 62 and older have often built serious equity over decades. A reverse mortgage lets you access that equity without selling or making monthly payments.
San Bernardino County has seen strong appreciation cycles. Long-time Chino residents may be sitting on more borrowable equity than they realize.
62 years old
Minimum Age
None required
Monthly Payments
HECM (FHA-insured)
Loan Type
Based on age + value
Equity Access
Before closing
Counseling Required
Reverse Mortgages in Chino
You must be 62 or older, own your home, and live in it as your primary residence. The home must have sufficient equity — lenders calculate how much you can borrow based on your age, home value, and current rates.
You still pay property taxes, homeowners insurance, and maintenance. Failing to keep up those costs can trigger loan default.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Chino.
Chino homeowners 62 and older have often built serious equity over decades. A reverse mortgage lets you access that equity without selling or making monthly payments.
San Bernardino County has seen strong appreciation cycles. Long-time Chino residents may be sitting on more borrowable equity than they realize.
You must be 62 or older, own your home, and live in it as your primary residence. The home must have sufficient equity — lenders calculate how much you can borrow based on your age, home value, and current rates.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by the FHA. That means federal rules cap what lenders can charge and require mandatory counseling before you close.
Not every lender shops this product aggressively. At SRK CAPITAL, we work with 200+ wholesale lenders and can compare HECM terms alongside proprietary jumbo reverse options for higher-value Chino homes.
The biggest mistake I see: families waiting too long. Borrowing at 72 gets you less than borrowing at 62. Age drives the principal limit — older borrowers access more equity.
Line of credit is often the smartest draw option. Unused credit grows over time. Many clients don't need cash now but want the safety net available when they do.
A HELOC gives you revolving access to equity but requires monthly payments. A reverse mortgage line of credit also grows — with no payment obligation while you live in the home.
Home equity loans hand you a lump sum with fixed payments. If cash flow is the issue, a reverse mortgage solves it. If you plan to pay it back quickly, a HELoan may cost less.
Chino sits in western San Bernardino County, where many residents have owned homes for 20 to 30 years. That tenure translates directly into equity — and equity is what reverse mortgages run on.
California's homestead protections and Prop 19 rules affect how reverse mortgage proceeds interact with estate planning. Talk to an attorney alongside your mortgage counselor before you sign anything.
No. You remain on title. The lender places a lien, but you own the home as long as you live there and meet loan obligations.
The loan becomes due. Heirs can sell the home, refinance to pay it off, or walk away — the FHA insurance covers any shortfall.
Yes. A HECM for Purchase lets buyers 62+ buy a new primary home with a large down payment and no monthly mortgage payments.
It depends on your age, home value, and current rates. Older borrowers with higher-value homes access the most. Rates vary by borrower profile and market conditions.
Yes — HUD requires it before any HECM closes. It typically takes about an hour and covers your rights, costs, and alternatives.
Generally no. The IRS treats them as loan advances, not income. Consult a tax advisor for your specific situation.