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 4 reverse mortgage specialists in Madisonville, 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.
Alexis Nowacki at CrossCountry Mortgage
405 Cedar St, Madisonville, LA 70447
8777731226
Crescent City Home Mortgage
389 LA-21 #401-A, Madisonville, LA 70447
9859512230
HomeKey Mortgage
700 Water St, Madisonville, LA 70447
9853456686
Revolution Mortgage
306 Pine St Ste. 100, Madisonville, LA 70447
9859816037
What Does a Reverse Mortgage Specialist in Madisonville Cost?
Typical costs for a reverse mortgage in Louisiana include an origination fee up to 2 percent of the home value or 6000 dollars, whichever is less. Upfront mortgage insurance premium is 2 percent of the appraised value. Appraisal fees range from 400 to 800 dollars. Closing costs vary by lender 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 Madisonville Louisiana?
Borrowers must be at least 62 years old. If there are multiple borrowers, the youngest borrower must meet this age requirement. Louisiana law does not change this federal HUD rule.
Do I need to own my home free and clear to get a reverse mortgage in Madisonville?
No, you can have an existing mortgage. The reverse mortgage proceeds must pay off any current mortgage first. The remaining funds are then available to you. Louisiana homestead laws do not affect this requirement.