A Home Equity Conversion Mortgage lets homeowners 62 and older convert equity into a lump sum, monthly payments, or a growing line of credit, with no required monthly principal and interest payment. Here is how the program works specifically for buyers, owners, and investors in Sacramento and the rest of Sacramento County.
$806,500 (2026 conforming)
≈ $560K
62
Lump sum, term, tenure, or line
Sacramento is a value market where affordability calculators and program-fit matter more than jumbo playbooks. First-time buyers, VA, and FHA make up a majority of the volume.
A 71-year-old homeowner with a small remaining mortgage balance and a fixed retirement income.
The existing loan was paid off, monthly cash flow improved immediately, and the remaining proceeds stayed available as a growing line.
Examples are illustrative composites of typical files, not offers of credit or guarantees of terms.
Sacramento, Elk Grove, Roseville, Folsom, Davis, Rocklin, Citrus Heights
Full Sacramento market pageYes. Reverse Mortgages (HECM) are available throughout Sacramento County. Convert equity to income or a line of credit at 62+. Mark compares pricing across 80+ wholesale lenders and picks the one whose guidelines fit Sacramento property types and your file.
$806,500 (2026 conforming). Above that amount the file is priced as a jumbo or portfolio loan, which changes reserve and documentation requirements.
Most purchases close in 21 to 30 days, and rush files have closed faster when the appraisal and insurance are ordered on day one. Local considerations here: Builder incentive negotiations, Rate-buydown structuring, USDA-eligible pockets outside city limits.
No. You keep title. The loan becomes due when the last borrower permanently moves out, sells, or passes away, and you must stay current on taxes, insurance, and maintenance.
HECM loans are non-recourse. Heirs can repay the balance to keep the home or sell it, and they are never liable beyond the home's value.
Mark Dankman, NMLS #251068, 925.934.6600, mail@resourcehomeloan.com