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Find Reverse Mortgage Specialists in West Monroe, LA
Browse reverse mortgage specialists serving West Monroe, Louisiana. Contact information and addresses listed below.
8 agents listed
Updated May 2026
West Monroe, 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 8 reverse mortgage specialists in West Monroe, 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.
Assurance Financial - West Monroe
1215 Cypress St Ste. 3, West Monroe, LA 71291
3188120022
1st Franklin Financial
3103 Cypress St Suite 7, West Monroe, LA 71291
3183615701
Tower Loan
3000 N 7th St, West Monroe, LA 71291
3183881251
Lendmark Financial Services LLC
2601 N 7th St Suite 300, West Monroe, LA 71291
3185161545
Ouachita Valley Federal Credit Union
1420 Natchitoches St, West Monroe, LA 71292
3183874592
OneMain Financial
112 Blanchard St Ste 4, West Monroe, LA 71291
3183619850
First Horizon Bank - West Monroe, LA - McMillan Rd
610 McMillan Rd, West Monroe, LA 71291
3183277850
Southwest Funding LP
1318 N 7th St, West Monroe, LA 71291
3186544228
A reverse mortgage specialist in West Monroe Louisiana helps homeowners aged 62 and older convert part of their home equity into tax free funds. Louisiana law requires borrowers to complete HUD approved counseling before applying. Specialists in West Monroe guide clients through the process and explain how a reverse mortgage affects property taxes and inheritance.
What Does a Reverse Mortgage Specialist in West Monroe Cost?
Typical costs for a reverse mortgage in Louisiana include an origination fee up to 2 percent of the first 200000 dollars of home value plus 1 percent of the amount above 200000 dollars. Other costs include a mortgage insurance premium of 2 percent of the appraised value upfront plus an annual premium of 0.5 percent. Closing costs such as appraisal and title fees range from 2000 to 5000 dollars. These costs are usually financed into the loan. 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 West Monroe Louisiana?
Borrowers must be at least 62 years old. If there are multiple borrowers on the title, the youngest borrower must meet this age requirement. This rule follows federal HUD guidelines for Home Equity Conversion Mortgages.
Do I need to own my home free and clear to get a reverse mortgage in West Monroe?
No, you do not need to own your home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The loan amount depends on your age, home value, and current interest rates.
How does a reverse mortgage affect my Louisiana property taxes in West Monroe?
You must continue to pay property taxes and homeowners insurance. Failure to pay can lead to loan default and possible foreclosure. Louisiana does not have a specific exemption for reverse mortgage borrowers regarding property taxes.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.