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Crestico Funding
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  2. Reverse Mortgages

Reverse Mortgage Loans: Access Your Home Equity

A reverse mortgage can give eligible homeowners an opportunity to access a portion of their home’s equity while continuing to live in the property. For homeowners who are planning for retirement, managing an existing mortgage, or looking for additional financial flexibility, a reverse mortgage may provide another way to use the equity they have built over time.
Crestico helps homeowners understand their reverse mortgage options and determine whether this type of financing may fit their financial goals.
Get A Free Consultation
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David F. N.
In real estate, execution is everything. Having closed numerous transactions, I know firsthand that the right capital partner can make or break a deal. Working with Houtan and the CRESTICO team on our latest LA property reinforced what top-tier lending execution looks like. From initial loan structuring to the final wire at closing, Houtan and his team ran a seamless operation. They managed the complexity behind the scenes, maintained complete transparency, and kept the timeline tight without missing a beat. Buying property in Los Angeles can easily turn into a high-friction process, but their team provided the exact clarity, speed, and diligence required to navigate it smoothly. On a personal level, having known Houtan for years as a friend made the experience even more rewarding. It’s rare to find a team that seamlessly combines deep industry expertise with genuine personal integrity. They treated this transaction with the same care and focus as if it were their own. Whether you’re securing debt for your next investment(s) or purchasing a primary residence, I can’t recommend Houtan and the CRESTICO team highly enough. They are sharp, reliable, and exceptionally dedicated. I look forward to working with them again on future transactions.
Henry D.
Marisol was extremely helpful and successful in resolving the problems associated with my loan. We are very happy with our new loan.
Maria C.
They were always available to answer my questions and made the entire process simple and straightforward. I got a great rate and the support I needed to close on time. I wouldn't hesitate to use them again or recommend them to family and friends!
Nik N.
I couldn't have had a more amazing experience with our realtor - Diane Phillips. Diane is extremely knowledgeable and personable. She got to know me and my...
Tatiana G.
Houtan and Marisol are a great team. They helped my dad with his refinance and made the process seamless. They answered every question we had and came up with solutions if we ran into any issues. Thanks again!
Wesley P.
I had an amazing experience.I received all the information, support and they were very Knowledgeable of the information that I needed.
George H.
Excellent Mortgage Broker – Highly Recommended! I had an amazing experience working with Houtan and his team at Crestico. From start to finish, not only Houtan himself but his entire team made the mortgage process smooth, stress-free, and efficient. Their knowledge and expertise were evident at every step, ensuring I got the best possible loan terms. Communication was outstanding; Houtan was always available to answer my questions, explain complex details in a way that made sense, and guide me through the entire process with confidence. They were proactive, transparent, and truly had my best interests in mind. If you’re looking for a mortgage broker who is professional, reliable, and dedicated to helping you secure the best financing, I highly recommend Houtan and his team. I couldn’t have asked for a better experience!
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive, personable, and knowledgeable. He is incredibly reliable and would answer calls or emails within minutes when I had questions. I can't recommend Houtan enough for buying a house. We had been working directly with a large bank on a loan, and all seemed fine until we had an accepted offer, then we started having issue after issue where there was just no sense of urgency. We almost had to walk away from our house, but Houtan and his team were referred to us in mid escrow, helped us explore multiple options in parallel, and close on time. Houtan was very responsive and on top of everything, presented our options very clearly, patient with all our questions, and really understands the Los Angeles housing market.
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive,...
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive,...
Niloofar S.
As a first time home buyer, taking out a jumbo loan could’ve been quite scary. But Houtan and his team made it a pleasant experience. An amazing team who are always one step ahead of the process.
Mohammad S.
Easy to work with ! Professional people and honest!
Jack M.
Worked with Houtan. He got our loan closed super fast and got us a rate that was lower than what our bank offered us. I'm very happy with Crestico and i recommend them to anyone.
Rebecca S.
Finally a real professional with a heart! Working with Houton makes me feel like having a friend who is on my side, rather than a businessman who is always looking out for #1. He is extremely helpful, knowledgeable, and responsive. He was always happy to explain and strategize with me whenever I needed help. Unlike most realtors and lenders out there who don't want to use their brains and only do easy and mindless paperwork, Houtan has great analytical and investment insights to share with his clients. I wholeheartedly recommend him to anyone who values the rare combo of both thoughtfulness and top-notch expertise.
Ramtin S.
Thank you Houtan and the entire team for going above and beyond every single time. From the onset, you guys gather whatever is necessary to get the job done as quickly and efficiently as possible, always keeping constant communication. My rate and fees are disclosed and never change at the time of signing.
Shayan M.
These guys were a godsend when searching for a home loan. I was first time home buyer and they helped out with the entire process. Everything from the customer service to making sure I was informed for every step of the process was handled exceptionally. I am absolutely ebullient with Houtan and his entire team have given me, and helping me transcend into the status of homeowner.
Pouyan B.
I have been working with Houtan for over 10 years. He and his office have always been great to work with. Excellent communication and great work ethic. I will definitely be back for my other mortgage needs in the near future.
Michael R.
Thank you Houtan and team for helping me secure my home loan! Great communication, customer service and rate! Look no further, call Crestico for all of your home loan needs.
Bronson M.
I want to express my gratitude to Houtan and his team. Houtan is extremely knowledgeable and really takes the time to answer any questions that you have. He wants the best for his clients and I would recommend him to anyone.
Diba P.
I want to take a moment to express my gratitude for Houtan Hormozian and the exceptional service he provided in helping me secure a loan. From our very first conversation, he was attentive, understanding, and incredibly knowledgeable about the lending process. He took the time to explain all the details, answered all my questions patiently, and worked tirelessly to find the best options tailored to my needs. His professionalism and dedication made what could have been a stressful experience into one that was smooth and straightforward. Thanks to Houtan Hormozian, I was able to secure the financing I needed, and I couldn't be happier with the outcome. I highly recommend him to anyone in need of lending services. His commitment to his clients is truly commendable!
Golnaz G.
Houtan and his team are the best. They made the whole process of buying the house so easy for me. Houtan is very professional,knowledgeable , trustworthy and caring. He wants the best for his costumers. I highly recommend him to everyone.
Cristy M.
Jason M.
Dane R.
We did a lot of research before settling on Houtan - and he has been a great find. He has helped us with our home purchase, and several refinances since then. As we look into purchasing rental properties, he is always available to answer questions and explain things in terms that non-brokers can understand. He is, and will always be a part of our investment team.
Sean L.
Houtan and His team are great. He got me a great rate and funded my loan before my escrow closing date. A ++

What Is a Reverse Mortgage?

Retired homeowners discussing reverse mortgage options with a mortgage advisor to access home equity during retirement
A reverse mortgage is a type of home loan designed for eligible older homeowners who want to access some of the equity in their primary residence.
Unlike a traditional mortgage where the homeowner makes monthly payments toward the loan balance, a reverse mortgage can allow eligible borrowers to receive funds from their available home equity. The loan balance generally increases over time as funds are received and interest and other applicable charges are added.
es and insurance, and living in the home as required by the loan terms.
A reverse mortgage is not free money. It is a loan secured by the home, which makes it important to understand the costs, responsibilities, and long term implications before moving forward.

Get a Free Reverse Mortgage Consultation

Considering a reverse mortgage but not sure where to start?
Speak with a Crestico mortgage professional about your home, current mortgage, financial goals, and potential reverse mortgage options. You can ask questions, understand the process, and learn what may be available based on your individual circumstances.
There is no need to make a decision before you understand your options.

Step 1

Check Eligibility

Step 2

Select a Payment Option

Step 3

Loan Approval

Step 4

Close the Loan

Step 5

Repayment & Loan Terms

How Does a Reverse Mortgage Work?

The amount a homeowner may be able to access depends on several factors, including age, home value, existing mortgage obligations, property type, and the specific reverse mortgage program.

Once eligibility and loan terms are determined, available proceeds may be structured according to the applicable loan program and the homeowner’s financial needs.

For homeowners with an existing mortgage, reverse mortgage proceeds may potentially be used to satisfy the existing mortgage obligation, subject to program requirements and available equity.

The homeowner continues to own the property. However, the borrower must continue meeting the responsibilities associated with the home and the reverse mortgage throughout the life of the loan.

Benefits of a Reverse Mortgage

For eligible homeowners, a reverse mortgage can provide greater flexibility in how home equity is used.
7

Access Home Equity

A reverse mortgage may allow you to access a portion of the equity you have accumulated in your home without selling the property.
7

Create Greater Financial Flexibility

Available proceeds may provide additional financial flexibility for eligible homeowners who want to manage expenses or supplement other financial resources.
7

Address an Existing Mortgage

Depending on the circumstances and loan program, reverse mortgage proceeds may be used to pay off an existing mortgage balance, potentially changing the homeowner’s monthly mortgage obligation.
7

Remain in Your Home

A reverse mortgage can allow eligible homeowners to continue living in their home while accessing available equity, provided they continue meeting the loan and property requirements.

Who May Qualify for a Reverse Mortgage?

Reverse mortgage eligibility depends on the specific loan program and the homeowner’s circumstances.

Factors that may be considered include the homeowner’s age, property ownership, home equity, property type, existing mortgage balance, and ability to meet ongoing property related obligations.

A reverse mortgage may be worth exploring if you are an older homeowner who has built substantial equity in your home and wants to understand whether that equity can support your financial goals.

A consultation can help you understand the requirements that may apply to your situation.

Reverse Mortgage Costs and Loan Considerations

A reverse mortgage comes with costs and responsibilities that should be understood before accepting the loan.
Depending on the loan program, costs may include interest, mortgage insurance, lender charges, closing costs, servicing related charges, and other applicable expenses.
Because interest and applicable charges can increase the loan balance over time, the amount of equity remaining in the property may change.
Homeowners should also understand their ongoing responsibilities. These can include maintaining the property, keeping required insurance in place, paying property taxes, and meeting the occupancy requirements of the loan.
Understanding these factors upfront can help you determine whether a reverse mortgage is appropriate for your financial goals.

Reverse Mortgage Options for California Homeowners

Crestico helps homeowners in Los Angeles and throughout Southern California explore mortgage financing options, including reverse mortgage solutions for eligible homeowners.
California homeowners who have built significant equity in their property may want to explore whether a reverse mortgage could provide financial flexibility while allowing them to remain in their home.
Whether you are in Los Angeles or another Southern California community, Crestico can help you understand the available options and determine what information is needed to evaluate your situation.

How Can You Use Reverse Mortgage Funds?

The way reverse mortgage proceeds are used depends on the homeowner’s financial situation and the terms of the loan.

Eligible homeowners may consider using available funds for retirement expenses, home improvements, healthcare related expenses, paying off an existing mortgage, or other financial needs.

Because every situation is different, it is important to consider how accessing home equity may affect your overall financial position and long term plans.

What Happens to Your Home With a Reverse Mortgage?

You generally continue to own your home with a reverse mortgage. The loan is secured by the property, and the balance becomes due according to the terms of the loan.

The loan may become due when a borrower no longer meets the occupancy or other requirements of the program, sells the home, or upon other circumstances specified by the loan agreement.

Because a reverse mortgage can affect the amount of equity available in the home, homeowners should consider their long term plans and discuss the loan with qualified professionals before making a decision.

Frequently Asked Questions

What is a reverse mortgage?

A reverse mortgage is a loan that allows eligible older homeowners to access a portion of their home equity while continuing to live in their home, subject to the requirements of the loan program.

How much money can I get from a reverse mortgage?

The amount available depends on factors such as the homeowner's age, home value, existing mortgage obligations, property type, and the specific reverse mortgage program.

Do I still own my home with a reverse mortgage?

Yes. The homeowner generally retains ownership of the property. However, the home secures the loan and the borrower must continue meeting the applicable loan and property requirements.

Do I have to make monthly mortgage payments with a reverse mortgage?

A reverse mortgage is structured differently from a traditional mortgage, but homeowners remain responsible for required property expenses and must comply with the terms of the loan. Your specific obligations depend on the loan program.

Is a reverse mortgage right for me?

A reverse mortgage may be appropriate for some eligible homeowners but not for everyone. Your home equity, financial goals, existing mortgage, property, and long term plans should all be considered before making a decision. A consultation can help you understand your potential options.

What fees are associated with reverse mortgages?

Fees may include loan origination costs, property appraisal, insurance for certain programs, and counseling services. In many cases these costs are included in the loan balance rather than paid upfront.

Turn Your Home Equity into Lasting Financial Freedom

Schedule Your Free Reverse Mortgage Consultation
David F. N.
In real estate, execution is everything. Having closed numerous transactions, I know firsthand that the right capital partner can make or break a deal. Working with Houtan and the CRESTICO team on our latest LA property reinforced what top-tier lending execution looks like. From initial loan structuring to the final wire at closing, Houtan and his team ran a seamless operation. They managed the complexity behind the scenes, maintained complete transparency, and kept the timeline tight without missing a beat. Buying property in Los Angeles can easily turn into a high-friction process, but their team provided the exact clarity, speed, and diligence required to navigate it smoothly. On a personal level, having known Houtan for years as a friend made the experience even more rewarding. It’s rare to find a team that seamlessly combines deep industry expertise with genuine personal integrity. They treated this transaction with the same care and focus as if it were their own. Whether you’re securing debt for your next investment(s) or purchasing a primary residence, I can’t recommend Houtan and the CRESTICO team highly enough. They are sharp, reliable, and exceptionally dedicated. I look forward to working with them again on future transactions.
Henry D.
Marisol was extremely helpful and successful in resolving the problems associated with my loan. We are very happy with our new loan.
Maria C.
They were always available to answer my questions and made the entire process simple and straightforward. I got a great rate and the support I needed to close on time. I wouldn't hesitate to use them again or recommend them to family and friends!
Nik N.
I couldn't have had a more amazing experience with our realtor - Diane Phillips. Diane is extremely knowledgeable and personable. She got to know me and my...
Tatiana G.
Houtan and Marisol are a great team. They helped my dad with his refinance and made the process seamless. They answered every question we had and came up with solutions if we ran into any issues. Thanks again!
Wesley P.
I had an amazing experience.I received all the information, support and they were very Knowledgeable of the information that I needed.
George H.
Excellent Mortgage Broker – Highly Recommended! I had an amazing experience working with Houtan and his team at Crestico. From start to finish, not only Houtan himself but his entire team made the mortgage process smooth, stress-free, and efficient. Their knowledge and expertise were evident at every step, ensuring I got the best possible loan terms. Communication was outstanding; Houtan was always available to answer my questions, explain complex details in a way that made sense, and guide me through the entire process with confidence. They were proactive, transparent, and truly had my best interests in mind. If you’re looking for a mortgage broker who is professional, reliable, and dedicated to helping you secure the best financing, I highly recommend Houtan and his team. I couldn’t have asked for a better experience!
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive, personable, and knowledgeable. He is incredibly reliable and would answer calls or emails within minutes when I had questions. I can't recommend Houtan enough for buying a house. We had been working directly with a large bank on a loan, and all seemed fine until we had an accepted offer, then we started having issue after issue where there was just no sense of urgency. We almost had to walk away from our house, but Houtan and his team were referred to us in mid escrow, helped us explore multiple options in parallel, and close on time. Houtan was very responsive and on top of everything, presented our options very clearly, patient with all our questions, and really understands the Los Angeles housing market.
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive,...
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive,...
Niloofar S.
As a first time home buyer, taking out a jumbo loan could’ve been quite scary. But Houtan and his team made it a pleasant experience. An amazing team who are always one step ahead of the process.
Mohammad S.
Easy to work with ! Professional people and honest!
Jack M.
Worked with Houtan. He got our loan closed super fast and got us a rate that was lower than what our bank offered us. I'm very happy with Crestico and i recommend them to anyone.
Rebecca S.
Finally a real professional with a heart! Working with Houton makes me feel like having a friend who is on my side, rather than a businessman who is always looking out for #1. He is extremely helpful, knowledgeable, and responsive. He was always happy to explain and strategize with me whenever I needed help. Unlike most realtors and lenders out there who don't want to use their brains and only do easy and mindless paperwork, Houtan has great analytical and investment insights to share with his clients. I wholeheartedly recommend him to anyone who values the rare combo of both thoughtfulness and top-notch expertise.
Ramtin S.
Thank you Houtan and the entire team for going above and beyond every single time. From the onset, you guys gather whatever is necessary to get the job done as quickly and efficiently as possible, always keeping constant communication. My rate and fees are disclosed and never change at the time of signing.
Shayan M.
These guys were a godsend when searching for a home loan. I was first time home buyer and they helped out with the entire process. Everything from the customer service to making sure I was informed for every step of the process was handled exceptionally. I am absolutely ebullient with Houtan and his entire team have given me, and helping me transcend into the status of homeowner.
Pouyan B.
I have been working with Houtan for over 10 years. He and his office have always been great to work with. Excellent communication and great work ethic. I will definitely be back for my other mortgage needs in the near future.
Michael R.
Thank you Houtan and team for helping me secure my home loan! Great communication, customer service and rate! Look no further, call Crestico for all of your home loan needs.
Bronson M.
I want to express my gratitude to Houtan and his team. Houtan is extremely knowledgeable and really takes the time to answer any questions that you have. He wants the best for his clients and I would recommend him to anyone.
Diba P.
I want to take a moment to express my gratitude for Houtan Hormozian and the exceptional service he provided in helping me secure a loan. From our very first conversation, he was attentive, understanding, and incredibly knowledgeable about the lending process. He took the time to explain all the details, answered all my questions patiently, and worked tirelessly to find the best options tailored to my needs. His professionalism and dedication made what could have been a stressful experience into one that was smooth and straightforward. Thanks to Houtan Hormozian, I was able to secure the financing I needed, and I couldn't be happier with the outcome. I highly recommend him to anyone in need of lending services. His commitment to his clients is truly commendable!
Golnaz G.
Houtan and his team are the best. They made the whole process of buying the house so easy for me. Houtan is very professional,knowledgeable , trustworthy and caring. He wants the best for his costumers. I highly recommend him to everyone.
Cristy M.
Jason M.
Dane R.
We did a lot of research before settling on Houtan - and he has been a great find. He has helped us with our home purchase, and several refinances since then. As we look into purchasing rental properties, he is always available to answer questions and explain things in terms that non-brokers can understand. He is, and will always be a part of our investment team.
Sean L.
Houtan and His team are great. He got me a great rate and funded my loan before my escrow closing date. A ++
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