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Reverse Mortgage Lenders of Pasadena, San Bernardino, Ontario CA, Covina, Pomona, & Fontana, California: Reverse Mortgage Loan Eligibility Explained

 

Learning about reverse mortgage lending

Are you 62 years old or older? Do you own a home? A reverse mortgage can help. It can enable you to access your home's equity without having to move from or sell off your property. We, at Futura Financial, are a licensed and certified team of reverse mortgage lenders, can plan your financial profile. With more than 34 years of experience and a solid reputation within the local community, our company can help you find the right loan program regardless of your needs in and around Covina CA, Fontana CA, Ontario CA, Pasadena CA, Pomona CA, or San Bernardino CA.


Although loan requirements differ from lender to lender and also the type of loan that you are applying for, before you apply for this loan, you must know about the eligibility requirements of the program. Here, we have put together a few things that you require to apply for the HECM loan. Take a look.


You will be eligible for this only when you are 62 years of age or even more. You will not qualify for this despite being physically challenged or retired if you don't belong to the above-mentioned age bracket.


The property against which you are taking the loan must be your primary residence. You have to reside there and it cannot be a second home or be a vacation home. So, make sure you apply it against the place where you are staying currently.


You cannot be eligible for this loan program if you are delinquent on other kinds of federal debts like an FHA insured mortgage or taxes. Until and unless this matter is resolved, you will not be able to apply for a reverse mortgage loan. Either you pay off the debts or enter into a valid payment plan whereby your debt is no longer delinquent.


So, if you think you are eligible for this program, don’t delay anymore. And get in touch with us immediately.

 

Meet our staff

 

SCOTT WILSON
Futura Financial Inc.
Owner/Broker
Office: (626) 442-188 | Cell: (626) 523-9130 | Fax: (626) 442-8424
scottwilson@futurafinancial.com

 

 

 

 

BOBBY COMPTON
Futura Financial Inc.
Associate Broker/Mortgage Loan Originator
Office: (626) 442-1888 | Direct: (626) 945-2382 | Fax: (626) 442-8424
Dallas35@earthlink.net

 

 

 

 

BRENDA JACOBY BURCIAGA
Futura Financial Inc.
Mortgage Loan Originator
Office: (626) 442-1888 | Cell: (951) 453-1078 | Fax: (626) 442-8424
brenda@futurafinancial.com

 

 

 

 

ALEX MUNOZ
Futura Financial Inc.
Loan Processor
Office: (626) 442-1888 | Fax: (626) 442-8424
alexmunoz@futurafinancial.com

 

 

 

 

FERNANDO REZA
Futura Financial Inc.
Associate Broker/Mortgage Loan Originator
Office: (626) 442-1888 | Cell: (626) 388-5518 | Fax: (626) 442-8424
fernandoreza@futurafinancial.com