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 7 reverse mortgage specialists in Palatka, 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.
Mariner Finance
308 FL-19, Palatka, FL 32177
3863298988
OneMain Financial
835 FL-19, Palatka, FL 32177
3863281449
Farm Credit of Florida
309 N 2nd St, Palatka, FL 32177
3863282744
Riverside Wealth Advisors - Palatka Office
117 N 2nd St, Palatka, FL 32177
3863369051
Bee Mortgage App
320 St Johns Ave suite 103, Palatka, FL 32177
8556261999
New American Funding - Stone Keefauver
421 St Johns Ave ste 7, Palatka, FL 32177
3212956656
Gateway Mortgage Group
514 S Palm Ave Ste B, Palatka, FL 32177
3865307753
What Does a Reverse Mortgage Specialist in Palatka Cost?
Typical costs for a reverse mortgage in Florida include an origination fee of up to 2 percent of the home value but capped at 6000 dollars. Appraisal fees range from 400 to 800 dollars. Closing costs and mortgage insurance premiums also apply. Total upfront costs can range from 3000 to 10000 dollars depending on the loan type and home value. This is general information 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 Palatka Florida?
Borrowers must be at least 62 years old. If there are two owners both must meet the age requirement. The home must be the primary residence.
Are reverse mortgage proceeds taxable in Florida?
No. Loan proceeds are not considered income by the IRS or the state of Florida. They do not affect Social Security or Medicare benefits.
What happens to the loan when the borrower moves or passes away?
The loan becomes due when the last borrower dies sells the home or moves out permanently. Heirs can repay the loan or sell the home to settle the debt. Florida law gives heirs a 30-day extension to arrange repayment.