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Showing 2 reverse mortgage specialists in Greenacres, FL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
The Lending Hub, Inc.
5190 10th Ave N, Greenacres, FL 33463
8778108546
Fairway Independent Mortgage
3898 Via Poinciana # 12A, Greenacres, FL 33467
5612900090
What Does a Reverse Mortgage Specialist in Greenacres Cost?
Typical costs for a reverse mortgage specialist in Florida include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party costs like appraisal and title search. Total closing costs often range from 2,000 to 8,000 dollars depending on the home value and loan type. This is general information and does not constitute 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 Greenacres Florida?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be a co-borrower. Florida law follows federal HECM guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in Florida?
Yes, Florida requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in Greenacres?
You can lose your home if you fail to pay property taxes, maintain homeowners insurance, or keep the home in good repair. Florida law provides a 30-day cure period for missed payments before foreclosure can begin.