Reverse Mortgage Blog

Tag: reverse mortgage repairs

Repairs - Reverse Mortgages - Repair-Set-Asides

November 7, 2022

HUD requires some repairs be completed prior to closing an FHA Insured Reverse Mortgage and some to be completed after your closing. Which is which?

Planning or Considering a Reverse Mortgage? Don't Forget Repairs & Maintenance in your Plan

October 18, 2022

Planning or Considering a Reverse Mortgage? Don't Forget Repairs & Maintenance in your Plan

I am designated a Certified Reverse Mortgage Professional by the National Reverse Mortgage Lender's Association. I work exclusively with reverse mortgage loans in nine states. I have a passion for hel...

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

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Processing Address: 237 S. La Esperanza, San Clemente, CA 92672

This licensee is performing acts requiring a real estate and mortgage license. C2 Financial Corporation is licensed by the California Department of Real Estate, Broker # 01821025; Arizona Department of Financial Institutions, Broker # 919209; Colorado Division of Real Estate; Florida Office of Financial Regulations, OFR# MBR3519; Idaho Department of Finance, Broker license # MBL-9475; Oregon Division of Finance, DFR# ML-4917; Texas Department of Savings and Mortgage Lending, NMLS 135622; Washington Office Department of Financial Institutions, DFI# MB-135622; NMLS# 135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and the borrower must meet all conditions. The loan is only approved when the lender has issued approval in writing and is subject to the Lender’s conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the states of CA, AZ, CO, FL, ID, OR, NM, TX, and WA.

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Tag: reverse mortgage repairs

Repairs - Reverse Mortgages - Repair-Set-Asides

Planning or Considering a Reverse Mortgage? Don't Forget Repairs & Maintenance in your Plan

BBB A CRMP Equal Housing Lender Equal Housing Opportunity National Aging In Place Council National Reverse Mortgage Lenders Association NMLS Consumer Access

San Clemente, Laguna Niguel, Dana Point, Ventura, and Newport Beach, CA, OR, WA, ID, CO, TX, FL, AZ, NM