Santa Rosa is the seat of Sonoma County, California, with a population of 156,200 residents. It is the largest city in California’s Wine Country, and the fifth largest city in the San Francisco Bay area.
The median Santa Rosa household income is $50,932 which is a comfortable amount in a city in the middle of “wine country.” There are innumerable wineries and vineyards throughout Santa Rosa, as well as the renowned redwood trees, attracting thousands of tourists and visitors each year.
Types of Mortgages
Here are several possibilities:
To apply for a Reverse Mortgage, you must: be at least 62, pay off any existing mortgages with the proceeds from the reverse mortgage, and, if necessary, extra personal funds. There are not any minimum income or credit score requirements, and you can usually use the money from a reverse mortgage in any manner you wish. Before you apply for a reverse mortgage, you must go for HUD-counseling, to ensure that you thoroughly understand what a reverse mortgage is, and are familiar with all the details of its procedure. A limited number of “public sector” reverse mortgages are offered by some state and local governments, but these loans must usually be used for specific tasks, like home improvements or property taxes.
For more information on Santa Rosa mortgages, refinancing, or home equity loans, fill out the form below, and a lender will contact you to discuss your needs.
