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 Florida before hiring.
Showing 11 reverse mortgage specialists in Longwood, 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.
RMC Home Mortgage, LLC
1230 Commerce Park Dr, Longwood, FL 32779
8774787369
Florida Home Loans LLC
731 Ciara Crk Cv, Longwood, FL 32750
4076375395
Fidelity Mortgage Services Inc
240 Crown Oak Centre Dr, Longwood, FL 32750
4077869500
Severine-Mortgage
1900 Boothe Cir #100, Longwood, FL 32750
9542548659
Sorci Home Solutions & Associates LLC
971 North St, Longwood, FL 32750
4072341679
Jim Green-Union Home Mortgage
195 Wekiva Springs Rd Suite 161, Longwood, FL 32779
2483453302
Motto Mortgage Secure
1000 Savage Ct # 206, Longwood, FL 32750
4077083056
Signature Financial Inc
1997 Longwood Lake Mary Rd #1013, Longwood, FL 32750
4073201741
Reliable Mortgages, Inc.
1385 W State Rd 434 #102, Longwood, FL 32750
4073390002
Yvette Pagan Fermin - Nexa Mortgage, LLC NMLS# 1309069
200 Thistlewood Ct, Longwood, FL 32779
4079065208
Orlando Mortgage Group, LLC
1403 Wren Ct, Longwood, FL 32750
4073106756
What Does a Reverse Mortgage Specialist in Longwood 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 fees for appraisal and title services. Closing costs often range from 2,000 to 5,000 dollars but vary by loan amount and property value. 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 and equity requirements for a reverse mortgage in Longwood Florida?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence, and a HUD-approved counselor must certify the borrower understands the loan terms.
Can a reverse mortgage specialist help with Florida property tax deferral programs?
Yes. A specialist can explain how a reverse mortgage interacts with Floridas property tax deferral program for seniors. They can also help you understand that you must still pay property taxes and insurance to avoid default.
What happens to the reverse mortgage if I move out of Longwood or sell my home?
If you sell your home or permanently move out, the loan becomes due and payable. You or your heirs must repay the loan balance, which cannot exceed the home value. Florida law provides a 12-month grace period for heirs to sell the home or refinance.