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Visalia has a strong base of long-term homeowners. Many have built serious equity over decades.
A reverse mortgage lets homeowners 62+ convert that equity into cash — no monthly payments required.
62 years old
Minimum Age
$0 required
Monthly Payments
HUD-approved session
Counseling Required
HECM or Proprietary
Loan Type
Fixed or adjustable
Rate Options
Reverse Mortgages in Visalia
You must be 62 or older and live in the home as your primary residence. That's non-negotiable.
The home must have enough equity. Existing mortgages get paid off first from the reverse mortgage proceeds.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Visalia.
Visalia has a strong base of long-term homeowners. Many have built serious equity over decades.
A reverse mortgage lets homeowners 62+ convert that equity into cash — no monthly payments required.
You must be 62 or older and live in the home as your primary residence. That's non-negotiable.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by FHA. They carry strict rules.
We shop across 200+ wholesale lenders, including those offering proprietary jumbo reverse products for higher-value homes.
Most borrowers come to us worried about losing the home. You won't — as long as you pay taxes and insurance.
The biggest mistake I see: waiting too long. Older borrowers often qualify for more funds at younger ages.
A HELOC requires monthly payments and solid income to qualify. A reverse mortgage does not.
Home equity loans work better for borrowers who want a lump sum and can handle monthly payments.
Tulare County property taxes are relatively low. That helps reverse mortgage borrowers stay compliant long-term.
Visalia's stable, owner-occupied neighborhoods mean many seniors here have exactly the equity profile lenders want.
No. That's the core feature. You must keep up with taxes, insurance, and basic home maintenance.
Your heirs can sell the home, repay the loan, and keep any remaining equity. They have options.
Yes, but the condo must be FHA-approved for a HECM. We check eligibility before you apply.
It depends on your age, home value, and current interest rates. Older borrowers typically access more equity.
Yes — it's mandatory before any HECM closes. We help you schedule it. It usually takes about an hour.
That's fine. The reverse mortgage pays it off first. You just need enough remaining equity to proceed.