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 4 reverse mortgage specialists in Lanham, 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.
Mariner Finance
8809 Annapolis Rd, Lanham, MD 20706
2404956835
Hon Zoobee R Chukwurah - Loan Officer, NEXA Mortgage LLC
5001 Forbes Blvd suite H7, Lanham, MD 20706
2403085097
American Financial Network, Inc.
4601 Presidents Dr #375, Lanham, MD 20706
4437221769
First Nations Mortgage, Inc.
9500 Annapolis Rd # C1, Lanham, MD 20706
3014291730
What Does a Reverse Mortgage Specialist in Lanham Cost?
Typical costs for a reverse mortgage in Maryland include an origination fee up to 2% of the home value, a mortgage insurance premium of 2% of the appraised value, and third party fees for appraisal title search and recording. These costs can range from 2000 to 6000 depending on the home value and loan type. Borrowers can often finance these costs 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 Lanham Maryland?
Borrowers must be at least 62 years old. For a HECM loan all borrowers listed on the title must meet this age requirement. Maryland does not have additional age restrictions beyond the federal rule.
Do I need counseling before getting a reverse mortgage in Maryland?
Yes Maryland law requires you to complete a counseling session with a HUD approved counselor before you can apply for a reverse mortgage. The counselor explains the loan terms costs and alternatives. This session must happen before you sign any loan documents.