A reverse mortgage specialist in St. Augustine Florida helps homeowners age 62 and older convert home equity into tax-free funds. Florida law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. St. Augustine properties must meet FHA standards and the homeowner must continue paying property taxes and insurance.
What Does a Reverse Mortgage Specialist in St. Augustine Cost?
Typical costs for a reverse mortgage in Florida include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Closing costs like appraisal title and recording fees range from 2000 to 5000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. 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.
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Reverse Mortgage Specialists in Other Florida Cities
Altamonte Springs · Ave Maria · Aventura · Bartow · Belleview · Boca Raton · Bonita Springs · Boynton Beach · Bradenton · Brandon · Brooksville · Cape Coral · Casselberry · Clearwater · Clermont