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Compare Reverse Mortgage Specialists in Loranger, LA
Looking for a reverse mortgage specialist in Loranger? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Loranger, LA
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 Louisiana before hiring.
Showing 2 reverse mortgage specialists in Loranger, LA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Legacy Mortgage LLC
51135 La Hwy 443, Loranger, LA 70446
9853518741
Legacy Mortgage LLC
51135 La Hwy 443, Loranger, LA 70446
9853518741
A reverse mortgage specialist in Loranger, Louisiana helps homeowners aged 62 and older convert home equity into cash without monthly payments. Louisiana law requires borrowers to complete a counseling session with a HUD-approved counselor before obtaining a reverse mortgage. This service is available to residents of Loranger and surrounding Tangipahoa Parish areas.
What Does a Reverse Mortgage Specialist in Loranger Cost?
Typical costs for a reverse mortgage in Louisiana 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. These costs often total between 3000 and 8000 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 eligibility requirements for a reverse mortgage in Loranger Louisiana?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Louisiana law also requires you to attend a counseling session with a HUD-approved counselor before applying.
How does Louisiana law affect reverse mortgage proceeds?
Louisiana is a community property state, which means both spouses must sign the reverse mortgage documents. If one spouse is under 62, they may still be protected under HUD rules. Proceeds from a reverse mortgage are generally not considered taxable income in Louisiana.
What happens to the reverse mortgage when the borrower dies in Louisiana?
When the last borrower dies, the loan becomes due. Heirs have 30 days to decide whether to pay off the loan or sell the home. Louisiana law allows a 6-month extension if needed. The heirs are not personally liable for any shortfall if the home sells for less than the loan balance.
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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 Louisiana.