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Find Reverse Mortgage Specialists in New Albany, IN

Directory of reverse mortgage specialists in New Albany, Indiana. Verify credentials with the state mortgage licensing authority before hiring.

11 agents listed
Updated May 2026
New Albany, IN
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 Indiana before hiring.
Showing 11 reverse mortgage specialists in New Albany, IN Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Kentuckiana Mortgage Group Inc.
401 E Main St, New Albany, IN 47150
8127250017
Companion Home Loans
4206 Charlestown Rd, New Albany, IN 47150
8122260560
Clear To Close Mortgage
1620 E Market St, New Albany, IN 47150
5025993160
with Daniel
222 Pearl St Suite 104, New Albany, IN 47150
8124063712
Bryan Fuller at Prosperity Home Mortgage - New Albany
3707 Charlestown Rd #A1, New Albany, IN 47150
5023946115
Kimberly Melton
3125 Blackiston Mill Rd, New Albany, IN 47150
5025419890
Kim Melton, Ruoff Mortgage
3125 Blackiston Mill Rd, New Albany, IN 47150
5025419890
Strategic Mortgage, LLC
4802 Charlestown Rd, New Albany, IN 47150
8129899358
Sean Clemons with Kentuckiana Mortgage Group
401 E Main St Suite 100, New Albany, IN 47150
5025411515
Melton Mortgage Team
3125 Blackiston Mill Rd, New Albany, IN 47150
8125960691
Movement Mortgage
215 W Spring St, New Albany, IN 47150
8773141517

What Does a Reverse Mortgage Specialist in New Albany Cost?

Typical costs for a reverse mortgage in Indiana 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 such as appraisal and title search. For a home valued at 250,000 dollars, total closing costs often range from 6,000 to 12,000 dollars. These costs can be financed into the loan so you do not pay them out of pocket. 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 is a reverse mortgage specialist in New Albany Indiana?
A reverse mortgage specialist is a licensed professional who helps seniors apply for a Home Equity Conversion Mortgage or HECM. They explain the loan terms, costs, and eligibility requirements specific to Indiana. They do not provide legal advice but can refer you to an attorney if needed.
What are the age and property requirements for a reverse mortgage in Indiana?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and be a single family home, a 2 to 4 unit property, a FHA approved condo, or a manufactured home that meets FHA standards. Indiana does not have additional state specific property requirements beyond federal rules.
Do I need counseling before getting a reverse mortgage in New Albany?
Yes. Federal law requires all borrowers to receive counseling from a HUD approved housing counseling agency before applying. The counselor will explain the loan terms, costs, and alternatives. This session must occur before you can submit a formal application to a lender.