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Vacaville homeowners 62 and older have built serious equity over the years. A reverse mortgage lets you access that equity without selling or making monthly payments.
Solano County's steady ownership rates mean many retirees here are equity-rich but cash-tight. That's exactly who reverse mortgages are built for.
62 years old
Min Age Requirement
None required
Monthly Payment
HECM (FHA-backed)
Loan Type
Yes — HUD-approved
Counseling Required
Fixed or adjustable
Rate Type
Reverse Mortgages in Vacaville
You must be 62 or older and own your home outright or carry a small remaining balance. Any existing mortgage gets paid off first from the reverse mortgage proceeds.
The home must be your primary residence. You still pay property taxes, homeowners insurance, and maintenance. Skipping those will trigger default.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Vacaville.
Vacaville homeowners 62 and older have built serious equity over the years. A reverse mortgage lets you access that equity without selling or making monthly payments.
Solano County's steady ownership rates mean many retirees here are equity-rich but cash-tight. That's exactly who reverse mortgages are built for.
You must be 62 or older and own your home outright or carry a small remaining balance. Any existing mortgage gets paid off first from the reverse mortgage proceeds.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by FHA. A handful of private jumbo reverse products also exist for higher-value homes.
Not every lender offers reverse mortgages. We work with wholesale lenders who specialize in this product and know how to close them cleanly.
The biggest misconception I see: people think the bank takes the home. It doesn't. You keep title. The loan comes due when you sell, move out, or pass away.
Proceeds can come as a lump sum, monthly payments, or a line of credit. The line of credit option is underused — it grows over time and gives you flexible access.
HELOCs and home equity loans require monthly payments. If cash flow is the problem, adding a payment doesn't solve it — a reverse mortgage does.
A conventional cash-out refi also adds a payment. For retirees on fixed income, that monthly obligation can be risky. Reverse mortgages remove that pressure entirely.
Vacaville sits between Sacramento and the Bay Area. Many longtime owners bought decades ago and are sitting on substantial equity — often far more than they realize.
Solano County property taxes are lower than Bay Area counties. That helps retirees meet the ongoing obligations a reverse mortgage requires.
You keep title as long as you live there, pay taxes, and maintain insurance. Default only occurs if those obligations are missed.
Heirs can sell the home, repay the loan, or refinance into a conventional mortgage. They keep any remaining equity after the loan is repaid.
The amount depends on your age, home value, and current rates. Older borrowers with more equity generally qualify for higher payouts.
Most HECM programs have no minimum credit score. Lenders do review credit history to confirm you can maintain tax and insurance payments.
Yes, it's required before you can close. It's a one-time session with a HUD-approved counselor and typically takes about 60 to 90 minutes.
Yes. The existing mortgage gets paid off from your reverse mortgage proceeds. You just need enough equity to cover it and still receive benefit.