Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Arkansas before hiring.
Showing 4 reverse mortgage specialists in Springdale, AR
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Jessica Rowe - Gateway Mortgage
7058 W Sunset Ave # 8, Springdale, AR 72762
4798773588
Susie Buttram - Gateway Mortgage
7058 W Sunset Ave # 8, Springdale, AR 72762
4799351052
Gateway Mortgage
7058 W Sunset Ave # 8, Springdale, AR 72762
4799351049
Roger VA Home Loans Springdale AR - VA Mortgage Arkansas - VA Refinance Loan
5100 S Thompson St #206, Springdale, AR 72764
4792797232
What Does a Reverse Mortgage Specialist in Springdale Cost?
Typical costs for a reverse mortgage specialist in Arkansas include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront plus 0.5 percent annually, and appraisal fees ranging from 400 to 600 dollars. Closing costs in Springdale usually total between 3,000 and 8,000 dollars. These costs can be financed into the loan. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in Springdale Arkansas?
Borrowers must be at least 62 years old. The loan is based on the youngest borrower age. Arkansas law does not add any additional age restrictions beyond federal HUD rules.
Do I need counseling before getting a reverse mortgage in Arkansas?
Yes. Arkansas law requires all reverse mortgage borrowers to complete a counseling session with a HUD-approved counselor. This session must occur before the loan application is submitted.
What happens if I move out of my Springdale home after getting a reverse mortgage?
If you move out permanently or sell the home, the loan becomes due. Arkansas law gives borrowers a 12-month grace period to repay the loan or sell the property before foreclosure can begin.