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Dixon is a tight-knit Solano County town with strong long-term homeownership. Many residents have lived in the same home for decades — and built serious equity.
That equity can work for you in retirement. A reverse mortgage converts it to cash without a monthly payment obligation.
62 years old
Minimum Age
None required
Monthly Payments
HECM (FHA-backed)
Loan Type
HUD-approved session
Counseling Required
Lump, line, or monthly
Payout Options
Reverse Mortgages in Dixon
You must be at least 62 years old. The home must be your primary residence — vacation homes and rentals don't qualify.
Lenders require a financial assessment to confirm you can cover taxes, insurance, and upkeep. Credit score matters less here than your ability to 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 Dixon.
Dixon is a tight-knit Solano County town with strong long-term homeownership. Many residents have lived in the same home for decades — and built serious equity.
That equity can work for you in retirement. A reverse mortgage converts it to cash without a monthly payment obligation.
You must be at least 62 years old. The home must be your primary residence — vacation homes and rentals don't qualify.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by FHA. That federal backing means strict rules but also strong borrower protections.
Not every lender prices HECMs the same way. Origination fees and mortgage insurance premiums are regulated, but margins on the variable rate are not.
The biggest mistake I see: borrowers waiting too long. The older you are and the more equity you have, the more you can access.
HUD-approved counseling is required before closing. Don't skip it — it protects you and often surfaces questions worth asking your lender.
A HELOC also taps equity, but it requires monthly payments and income to qualify. A reverse mortgage skips the payment entirely.
Home equity loans are similar — fixed payouts, but again with a repayment schedule. If cash flow is the goal, a reverse mortgage wins on structure.
Dixon sits between Sacramento and the Bay Area. Many retirees here bought before prices climbed and have held those homes for 20-plus years.
Solano County's relatively affordable base means equity levels vary. A broker can pull current valuations to see exactly what your home supports.
Yes. You keep title. The loan is repaid when you sell, move out, or pass away.
Non-borrowing spouses need specific protections written into the loan. Ask about eligible non-borrowing spouse rules before you close.
Some manufactured homes qualify under HECM guidelines. The home must meet FHA standards and be on a permanent foundation.
You can take a lump sum, a line of credit, fixed monthly payments, or a combination. Each option has different rate structures.
Interest accrues but isn't deductible until the loan is repaid. Talk to your CPA before assuming a tax benefit.
It depends on your age, home value, and current rates. Older borrowers with more equity generally access a higher percentage. Rates vary by borrower profile and market conditions.