Compare Reverse Mortgage Specialists in Riverview, FL
Browse reverse mortgage specialists serving Riverview, Florida. Contact information and addresses listed below.
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
State Mortgage Licensing Authority of Florida before hiring.
Showing 2 reverse mortgage specialists in Riverview, FL
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What Does a Reverse Mortgage Specialist in Riverview Cost?
Typical costs for a reverse mortgage specialist in Florida include an origination fee of up to 2 percent of the first 200000 dollars of home value plus 1 percent of any amount above that. You also pay an upfront mortgage insurance premium of 2 percent of the appraised value and an annual premium of 0.5 percent. Third party fees such as appraisal title search and recording fees add 500 to 2000 dollars. These costs are usually 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 Riverview Florida?
You must be at least 62 years old to qualify for a Home Equity Conversion Mortgage in Florida. All borrowers listed on the title must meet this age requirement. The home must be your primary residence.
Do I need counseling before getting a reverse mortgage in Florida?
Yes Florida law requires all borrowers to complete a counseling session with a HUD approved counselor. This session must happen before you can submit a loan application. The counselor explains the terms costs and alternatives.
What fees are typical for a reverse mortgage specialist in Riverview?
Common fees include an origination fee up to 2 percent of the home value a mortgage insurance premium and third party costs like appraisal and title search. Total closing costs often range from 2000 to 6000 dollars but vary by loan size and lender.