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 Zachary, 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.
Delta Financial Services
5041 LA-19 STE B, Zachary, LA 70791
2256580300
Tower Loan
4257 Church St #102, Zachary, LA 70791
2256541539
Republic Finance
4347 High St Suite 112, Zachary, LA 70791
2256588786
Edward Jones - Financial Advisor: Thomas L Scott Jr, CRPC™
1215 Independence Blvd Bldg 8, Zachary, LA 70791
2256544191
Dacia Briley
1215 Independence Blvd Building 3A, Zachary, LA 70791
2257251940
Chase Mortgage
4431 LA-19, Zachary, LA 70791
2253324450
Regions Mortgage
4919 Main St, Zachary, LA 70791
2256580805
DeeAnn Polk - Regions Mortgage Loan Officer
4919 Main St, Zachary, LA 70791
2252789444
What Does a Reverse Mortgage Specialist in Zachary Cost?
Typical costs for a reverse mortgage in Louisiana include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party fees such as appraisal and title search. These fees can total between $8,000 and $15,000, but they are often rolled into the loan balance. Costs vary by lender and loan type. This is general information, 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 Zachary Louisiana?
You must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the home as your primary residence. Louisiana law also requires you to attend a counseling session with a HUD-approved counselor before applying.
How much can I borrow with a reverse mortgage in Zachary?
The amount depends on your age, the appraised value of your home, and current interest rates. In Louisiana, the maximum claim amount for a HECM is capped at $1,149,825 in 2024, though your actual loan may be less based on these factors.