CaliLoanPro — Real Estate & Mortgage SolutionsChris Johnson · Affinity Mortgage
Reverse Mortgage

Reverse Mortgage Loans in San Jose & Santa Clara County

I specialize in HECM and proprietary reverse mortgages for California homeowners 62 and older. 30+ years of experience. No pressure, no jargon.

Who qualifies?

  • Age 62 or older. At least one borrower on the loan must be 62+. Eligible non-borrowing spouses can often remain in the home if the borrowing spouse passes.
  • Primary residence. The home must be the borrower's primary residence — single family, eligible condo, manufactured home, or 2–4 unit property where you occupy one unit.
  • Sufficient home equity. You'll need enough equity (typically 50%+) to qualify. Existing mortgages are paid off at closing using reverse mortgage proceeds.

How it works

  1. 1

    Free consultation

    We talk through your goals, your home, and whether a reverse mortgage is actually the right tool — or if something else fits better.

  2. 2

    HUD-approved counseling

    An independent counselor walks you through how reverse mortgages work. This step is required and protects you.

  3. 3

    Application & appraisal

    I collect your documents and order an FHA appraisal. I shop lenders to find the strongest combination of rate, fees, and proceeds.

  4. 4

    Closing & funding

    You sign at closing, any existing mortgage is paid off, and remaining proceeds are paid out as a lump sum, monthly payments, line of credit, or a combination.

Common uses

Supplement retirement income

Convert home equity into tax-free* cash flow so investments and Social Security can stretch further.

Eliminate your monthly mortgage payment

Pay off an existing mortgage with reverse mortgage proceeds. You still owe property taxes, insurance, and upkeep — but no more monthly principal & interest.

HECM for Purchase

Buy your next home — downsize, right-size, or move closer to family — using a reverse mortgage as part of the purchase, with no monthly mortgage payment.

*Consult a tax advisor. Reverse mortgage proceeds are generally not considered taxable income.

Frequently asked questions

A reverse mortgage is a loan for homeowners 62+ that lets you convert part of your home equity into cash without selling the home or taking on a new monthly mortgage payment. The most common program is the FHA-insured HECM (Home Equity Conversion Mortgage). The loan is repaid when the home is sold, you move out permanently, or the last borrower passes away.

Yes. You remain on title and continue to own your home, just like with any other mortgage. You're responsible for property taxes, homeowners insurance, and basic upkeep. The lender does not own your home.

The loan becomes due. Typically the home is sold and the loan balance is paid from the sale proceeds — any remaining equity goes to you or your heirs. Heirs can also choose to keep the home by paying off the loan balance (or 95% of appraised value, whichever is less). HECMs are non-recourse, so you or your heirs will never owe more than the home is worth.

It depends on the age of the youngest borrower, current interest rates, and your home's appraised value (up to the FHA HECM lending limit, with proprietary "jumbo" reverse options available above that for higher-value Bay Area homes). Older borrowers and lower rates generally mean more available proceeds. I will run the numbers for your specific situation in your free consultation.

Have questions? Let's talk.

No pressure, no jargon — just a straight conversation about whether a reverse mortgage makes sense for you.

Let's talk about a Reverse Mortgage