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 Kansas before hiring.
Showing 2 reverse mortgage specialists in Gardner, KS
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Central National Bank Mortgage Services Office
205 N Moonlight Rd, Gardner, KS 66030
9138563218
Kelly Mortgage
235 E Main St, Gardner, KS 66030
9138563816
What Does a Reverse Mortgage Specialist in Gardner Cost?
Typical costs for a reverse mortgage specialist in Kansas include an origination fee up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from $5,000 to $15,000. Costs vary by loan size and lender. 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 Gardner Kansas?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be included on the loan. Kansas law follows federal HECM guidelines for age eligibility.
Does Kansas have specific counseling requirements for reverse mortgages?
Yes, Kansas requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor before loan approval. The session covers loan terms, costs, and alternatives. A certificate of completion is needed.
Are reverse mortgage proceeds taxable in Kansas?
No, reverse mortgage proceeds are not considered income by the IRS or Kansas Department of Revenue. However, interest may be deductible when you sell the home. Consult a tax professional for your situation.