Question 1

Do I still own my home with a reverse mortgage?

Accepted Answer

Yes. You keep title and ownership. The lender places a lien on the property, repaid when you sell or pass away.

Question 2

What happens when I move out or pass away?

Accepted Answer

The loan becomes due. Heirs can sell the home, pay off the balance, or refinance to keep the property.

Question 3

Can I get a reverse mortgage on a rural Weed property?

Accepted Answer

Yes, if it meets FHA property standards. Rural homes must appraise at a value that supports the loan amount.

Question 4

Is the money I receive taxable?

Accepted Answer

No. Reverse mortgage proceeds are loan advances, not income. They are generally not taxable — but consult a tax advisor.

Question 5

What if my home value is low in Siskiyou County?

Accepted Answer

Lower values mean lower proceeds. The FHA HECM limit is a ceiling — your local appraisal is what actually drives the number.

Reverse Mortgages in Weed, CA — Turn Equity Into Income