Palm Desert Reverse Mortgage
Palm Desert Reverse Mortgage DBA Long Beach Revese Mortgage is a leading reverse mortgage provider in the United States, offering loans to senior homeowners across numerous cities. As a proud member of the National Reverse Mortgage Lenders Association (NRMLA), we represent the voice of the reverse mortgage industry in the U.S.
We specialize in providing reverse mortgage solutions to Palm Desert homeowners. Our dedicated team of loan specialists is here to guide you through the various FHA home equity loan options available, ensuring that all your reverse mortgage needs are met with expertise and care.
At Palm Desert Reverse Mortgage, our mission is to offer you the comfort and support necessary to fully benefit from the reverse mortgage program.
**About Palm Desert Reverse Mortgage**
As a trusted reverse mortgage lender in Palm Desert, our focus is on helping senior homeowners maximize their home equity. Whether you need immediate cash or wish to establish a line of credit for emergencies, we are here to assist. We understand the value of your home and your investment in it, and we are committed to ensuring that your efforts are not in vain.
Our primary goal is to enhance your retirement years by providing the resources you need to live comfortably and age in place, surrounded by the familiar community you cherish. As a leading reverse mortgage lender in Palm Desert, we offer a range of products that allow you to convert your home equity into cash, eliminating the need for monthly mortgage payments.
Our team has spent years in the Cochella Valley and understands the needs of those who live in Pland Unit Devolpments, Golf Clubs and Condos.
**HUD-Approved Lender**
Palm Desert Reverse Mortgage is authorized by the U.S. Department of Housing and Urban Development (HUD) to offer Home Equity Conversion Mortgages (HECMs). These are the most popular reverse mortgage programs in the country, insured by the Federal Housing Administration (FHA) and regulated by the U.S. government.
**How Palm Desert Reverse Mortgage Can Help You**
We offer three reverse mortgage options for eligible homeowners: (1) HECM, (2) Jumbo Reverse Mortgage, and (3) HECM for Purchase.
- **HECM**: This government-insured reverse mortgage allows eligible borrowers to convert their home equity into cash without the burden of regular monthly payments. The loan is repaid when the borrower dies, sells the home, moves out, or fails to meet the ongoing requirements.
- **Jumbo Reverse Mortgage**: For homeowners with higher-value homes, this option allows you to convert more of your home equity into cash by surpassing the lending limits set for HECMs.
- **HECM for Purchase**: This specialized reverse mortgage helps homeowners buy a new home using the loan proceeds. It is ideal for those looking to downsize or relocate during retirement
About Palm Desert
Palm Desert, California, had an estimated population of around 53,185 people as of the 2020 U.S. Census. The city is part of Riverside County and is located in the Coachella Valley. It's a popular destination known for its warm climate, golf courses, and as a hub for shopping and dining in the region. As of the most recent data, Palm Desert, California, has a population of approximately 51,583 residents. The city has seen consistent growth over the years, contributing to its status as one of the fastest-growing cities in California since 1980?
Palm Desert Lending Limit
The Home Equity Conversion Mortgage (HECM) limit for Palm Desert, California, in 2024 is $1,149,825. This limit applies to HECM loans and represents the maximum claim amount for homes appraised at or above this value .
