Looking for answers to your questions about reverse mortgages? Shop the best deals in San Rafael, California. Meet Jim Zimmerman.
Jim Zimmerman
Reverse Mortgage Specialist
NMLS #288153 | DRE #00480123
(415) 231-1902
San Rafael Reverse Mortgage Lenders
Thank you so much for considering California Reverse Mortgage Company. We are happy to have you as a visitor and hope you find the content here useful, informative and engage the California Residential Refinance Company to arrange a reverse mortgage loan for you.
The California Reverse Mortgage Company is headquartered in San Rafael, California and is licensed by the California Department of Real Estate (CADRE) #02081591 and the National Mortgage Licensing System (NMLS) #1977922.
My name is Jim Zimmerman, the President and Broker of the California Reverse Mortgage Company. My personal CADRE # is: 00280123 and NMLS # is: 288153.
When I use my byline – A Senior Helping Fellow Seniors – I mean that sincerely. I am a senior by age, have a senior wife and my very senior mother-in-law who lives with us (and I am also Jim, Sr., and have Jim, Jr. and James III).
My team is one of the experienced professionals who are familiar with the specific needs of homeowners in San Rafael, Novato, Mill Valley, Petaluma, and Richmond. 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.
Reverse Mortgage Stats in San Rafael
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 San Rafael area.
1,079 people in or within 10 miles of San Rafael already have a reverse mortgage and are familiar with the benefits of the loan. In just the last 12 months 117 more homeowners took out a federally-insured reverse mortgage.
In 2021 the median home value in San Rafael was $1,366,078. Many homeowners in Marin County may opt to apply for a private jumbo reverse mortgage instead of the federally-insured reverse mortgage which only considers the first $1,149,825 of the home’s appraised value. However, a private reverse mortgage includes several million dollars of the appraised value (limits vary by the lending institution) providing significantly more access to your home’s value.
Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) 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.
About San Rafael, California
First home to the coastal native Miwok people, then later a Spanish mission, San Rafael is named after the Archangel Raphael- the angel of healing. The early settlement, and later the city, quickly grew with the arrival of the North Pacific & San Francisco railroads.
In 1913 American banker and journalist Frank Vanderlip purchased 25 square miles of property on the peninsula on behalf of wealthy east coast investors for the then tidy-sum of $1.5 million. Today the community is home to over 40,000 residents according to the U.S. Census.
Local attractions include China Camp State Park, Mission San Rafael Arcangel, Mountain View Winery, and Point Reyes Lighthouse.
Contact your San Rafael and Marin County reverse mortgage lender today.
Jim and his team at California Reverse Mortgage Company 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.
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