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 Kentucky before hiring.
Showing 7 reverse mortgage specialists in Berea, KY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
World Finance
226 Mini Mall Dr, Berea, KY 40403
8599861118
James Alexander, Mortgage Banker, NMLS #54612
405 Richmond Rd N suite d, Berea, KY 40403
8595824751
Stockton Mortgage Berea, KY | NMLS# 8259
405 Richmond Rd N suite d, Berea, KY 40403
8593530933
JustChoice Lending
319 Oak St, Berea, KY 40403
8663670855
Fahe
319 Oak St, Berea, KY 40403
8599862321
Fifth Third Mortgage - Gayle Roberts
137 Oak Meadow Dr, Berea, KY 40403
5133580429
US Bank Mortgage
623 KY-21, Berea, KY 40403
8008722657
What Does a Reverse Mortgage Specialist in Berea Cost?
Typical costs for a reverse mortgage in Kentucky 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 title and recording. For a home valued at 200000 total closing costs often range from 8000 to 12000. Costs vary by lender loan type 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 Berea Kentucky?
Borrowers must be at least 62 years old. If a married couple applies both must meet this age requirement unless one spouse is a non borrowing spouse. Kentucky follows federal HUD guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in Kentucky?
Yes Kentucky law requires all borrowers to complete a counseling session with a HUD approved counselor. This session must happen before you submit a loan application. The counselor explains loan terms costs and alternatives.