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Compare Reverse Mortgage Specialists in Locust Grove, GA
Browse reverse mortgage specialists serving Locust Grove, Georgia. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Locust Grove, GA
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 Georgia before hiring.
Showing 3 reverse mortgage specialists in Locust Grove, GA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
New American Funding - Becky Brown
3536 GA-42, Locust Grove, GA 30248
7708705120
New American Funding - Stockbridge, GA
3536 GA-42, Locust Grove, GA 30248
6782033494
Northpoint Mortgage
100 Park 42 Dr Suite B, Locust Grove, GA 30248
4707353840
A reverse mortgage specialist in Locust Grove, Georgia helps homeowners aged 62 and older access home equity without monthly payments. In Georgia, borrowers must complete a HUD-approved counseling session before applying. Locust Grove residents often use these loans to supplement retirement income or cover home repairs.
What Does a Reverse Mortgage Specialist in Locust Grove Cost?
Typical costs for a reverse mortgage specialist in Georgia include an origination fee up to 2% of the home value, a mortgage insurance premium of 2% of the appraised value, and closing costs ranging from 2,000 to 5,000 dollars. Appraisal fees in Locust Grove usually run 400 to 600 dollars. These costs are financed into the loan and not paid upfront. 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 Locust Grove Georgia?
Borrowers must be at least 62 years old. The youngest spouse on the title must meet this age requirement for a Home Equity Conversion Mortgage HECM in Georgia.
Do I need counseling to get a reverse mortgage in Locust Grove?
Yes. Georgia law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor before the loan can proceed. This session explains loan terms and alternatives.
Are reverse mortgage proceeds taxable in Georgia?
Loan proceeds from a reverse mortgage are not considered income for Georgia state tax purposes. They are loan advances and do not affect Social Security or Medicare benefits.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Georgia.