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 Maryland before hiring.
Showing 20 reverse mortgage specialists in Frederick, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
The Amy Wolff Team of Direct Mortgage Loans
7470 New Technology Way suite o, Frederick, MD 21703
4435415545
Presidential Bank Mortgage
50 Citizen's Way Suite 401, Frederick, MD 21701
3016941500
Fitzgerald Financial Group
5300 Westview Dr Suite 307, Frederick, MD 21703
3017882982
Atlantic Coast Mortgage - Frederick, MD Branch
129 W Patrick St #8, Frederick, MD 21701
2403554843
The Deibler Home Team
5291 Corporate Dr #202, Frederick, MD 21703
4437336962
The Mortgage Fox of NFM Lending NMLS #179208
241 E 4th St #104, Frederick, MD 21701
2406743665
Darren Ferlisi - Integrity Home Mortgage Corporation
5300 Westview Dr #408, Frederick, MD 21703
3014480749
KV Mortgage
9401 Penrose St, Frederick, MD 21704
3018026426
Vince Petrolle at CrossCountry Mortgage
5301 Buckeystown Pike Suit No. 380, Frederick, MD 21704
3014611734
PrimeLending, A PlainsCapital Company - Frederick
10 N Jefferson St st #401, Frederick, MD 21701
3013782150
Victory Mortgage Solutions
11 W Patrick St Suite 1, Frederick, MD 21701
3016822113
Guild Mortgage - Mark Ebinger
5320 Spectrum Dr # C, Frederick, MD 21703
3013782902
Revolutionary Mortgage Co
9099 Ridgefield Dr #104, Frederick, MD 21701
3016200220
Vicky Lynn Weldon | Fairway Independent Mortgage Corporation Loan Officer
6 N East St Suite 201, Frederick, MD 21701
2406743352
Bay Capital Mortgage Corporation
111 E Church St, Frederick, MD 21701
3013782431
Bryan Christopher Moran | Fairway Independent Mortgage Corporation SVP Area Manager
6 N East St Suite 201, Frederick, MD 21701
7032037394
Fairway Independent Mortgage Corporation
6 N East St Suite 201, Frederick, MD 21701
3017129280
Brian Lanning Envoy Mortgage
7100 Guilford Dr Ste 200 Ofc 2050, Frederick, MD 21704
2404050859
Tom McLister at Certainty Home Lending (NMLS #532688)
50 Citizen's Way Suite 302, Frederick, MD 21701
3017482155
Guild Mortgage Company
5320 Spectrum Dr # C, Frederick, MD 21703
3013782902
What Does a Reverse Mortgage Specialist in Frederick Cost?
Typical costs for a reverse mortgage specialist in Maryland 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 and title search. Total closing costs often range from 2,000 to 8,000 dollars. These costs can be financed into the loan. 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 Frederick Maryland?
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. Maryland law requires a mandatory counseling session with a HUD-approved counselor before you can apply.
How much can I borrow with a reverse mortgage in Frederick?
The amount depends on your age, the appraised value of your home, and current interest rates. In Maryland, the maximum claim amount for a Home Equity Conversion Mortgage is the appraised value or the FHA lending limit, whichever is lower. A specialist can provide a personalized estimate.
Are reverse mortgage proceeds taxable in Maryland?
No, reverse mortgage proceeds are not considered income for federal or Maryland state tax purposes. However, interest on the loan is not deductible until you pay it back. Consult a tax professional for your specific situation.