Find the best deal on reverse mortgages in Redlands and San Bernardino County California.
Your Redlands Reverse Mortgage Lender
Randall Buffam is a well-known local expert and speaker on reverse mortgages. He has assisted countless senior homeowners across the nation to enhance their “golden years” by helping them select the correct reverse mortgage program to meet their particular needs and goals. With his “no-pressure”, educational approach, Randall is an expert at helping his clients find the right solution that exactly meets their needs. He is also willing to tell senior homeowners when the reverse mortgage is not their best solution. Integrity, diligence, and compassion mark his work.
Randall and his team at Arrowhead Capital Mortgage are offering reverse mortgages to qualified homeowners in Redlands, San Bernardino County, and throughout the state of California.
Our team of originators has a team of experienced professionals who are familiar with the specific needs of homeowners in Redlands, Loma Linda, San Bernardino, and Colton. We can walk you through the questions you’re certain to have and the process should you decide to utilize your home’s value to create more cash flow in retirement.
Redlands Mortgage Stats
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the greater Redlands and the surrounding area.
There are already 2,304 people in or within 10 miles of Redlands who have a reverse mortgage today. In just the last 12 months 296 homeowners got a federally-insured reverse mortgage loan.
In 2021 the median home value in Redlands California was $572,462. The current maximum lending limit for FHA-insured reverse mortgages in 2022 is $970,800 which means most homes in Redlands and San Bernadino would see most if not all of their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. Homes above $970,800 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.
Reverse mortgages calculate the maximum available loan benefit for qualified borrowers based on the home’s appraised value, the age of the youngest borrower (or named non-borrowing spouse), and the current/starting effective interest rate.
Redlands was known as the “city of millionaires” around 1900. The city began to take shape before the turn of the century being founded in 1881 and officially incorporated in 1888. While the population exceeds 70,000 the city still has a ‘small-town feeling’ featuring a historic downtown district. Historic landmarks include The A.K. Smiley Public Library, the Redlands, Bowl, and Morey Mansion.
Contact your Redlands and San Bernardino County reverse mortgage lender today.
Randall and his team at Arrowhead Capital Mortgage are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
Call Randall today at (909) 341-1720 to learn more or complete the steps here to get your free quote.
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