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Tehama is a small, rural community in Tehama County. Many long-term homeowners here have built significant equity over decades.
A reverse mortgage lets homeowners 62+ access that equity. No monthly mortgage payment is required while you live in the home.
62 Years Old
Minimum Age
$0 Required
Monthly Payment
HECM (FHA-Backed)
Loan Type
Lump, Monthly, LOC
Payout Options
Before Closing
Counseling Required
Reverse Mortgages in Tehama
You must be 62 or older and own your home outright — or have substantial equity. The home must be your primary residence.
Lenders also check that you can cover taxes, insurance, and basic upkeep. Failing those obligations 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 Tehama.
Tehama is a small, rural community in Tehama County. Many long-term homeowners here have built significant equity over decades.
A reverse mortgage lets homeowners 62+ access that equity. No monthly mortgage payment is required while you live in the home.
You must be 62 or older and own your home outright — or have substantial equity. The home must be your primary residence.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages backed by FHA. Very few local banks specialize in them.
We shop across 200+ wholesale lenders to find HECM programs that fit rural California borrowers like those in Tehama County.
Rural properties sometimes get flagged during HECM appraisals. FHA has strict condition requirements. Know that before you apply.
The payout structure matters too. You can take a lump sum, monthly payments, or a line of credit. Each has different tax implications.
A HELOC gives you a credit line too — but it requires monthly payments and a minimum credit score. Reverse mortgages don't.
Home equity loans are lump-sum and require repayment. A reverse mortgage delays repayment until you sell, move, or pass away.
Tehama County home values can be harder to appraise due to limited comparable sales. That affects how much equity you can access.
Rural properties with well and septic systems face additional FHA inspection hurdles. Plan for those before your appraisal.
You must be 62 or older. If there are two borrowers, both must meet the age requirement.
No monthly mortgage payments are required. You still must pay property taxes, insurance, and maintain the home.
Your heirs can repay the loan and keep the home, or sell the home to settle the balance. Any remaining equity goes to your estate.
Reverse mortgage proceeds are not taxable income. They generally don't affect Social Security or Medicare benefits.
Yes, but the property must meet FHA condition standards. Well, septic, and appraisal issues are common in rural areas — plan ahead.
Federal law requires it. The session ensures you understand the costs, obligations, and alternatives before committing.