Reverse Mortgage Specialists in Manhattan, KS
Compare reverse mortgage specialists in Manhattan. Review contact information and insurance categorys before you decide.
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 Kansas before hiring.
Showing 16 reverse mortgage specialists in Manhattan, 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.
What Does a Reverse Mortgage Specialist in Manhattan Cost?
Typical costs for a reverse mortgage specialist in Kansas 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 for appraisal and title work. Total closing costs often range from 5,000 to 10,000 dollars but vary by loan amount and property value. 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 Manhattan Kansas?
Borrowers must be at least 62 years old. The youngest spouse on the title must meet this age requirement under federal HECM rules. Kansas law does not change this federal minimum age.
Do I need counseling before getting a reverse mortgage in Kansas?
Yes. Kansas law requires all borrowers to complete a HUD-approved counseling session before a reverse mortgage application can proceed. The specialist can provide a list of approved counselors in Manhattan or online.
Can a reverse mortgage affect my Kansas property taxes?
Yes. The loan proceeds are not taxable income, but you must still pay property taxes and homeowners insurance. In Kansas, failure to pay property taxes can lead to a tax lien or foreclosure, so the specialist will review this risk with you.