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 3 reverse mortgage specialists in Lusby, 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.
Edward Jones - Financial Advisor: Sarah Weems, ABFP®
12865 H G Trueman Rd Ste 2-A, Lusby, MD 20657
4103943686
Edward Jones - Financial Advisor: Sean McGuire, CRPC™
12865 H G Trueman Rd Ste 2-A, Lusby, MD 20657
4103943686
Edward Jones - Financial Advisor: Mike Kelly
11741 H G Trueman Rd, Lusby, MD 20657
4103262213
What Does a Reverse Mortgage Specialist in Lusby Cost?
Typical costs for a reverse mortgage specialist in Maryland include an origination fee of up to 2 percent of the home value, capped at $6,000. Third-party fees for appraisal, title search, and recording range from $500 to $2,500. Counseling fees are usually $125 to $250. Total closing costs often fall between $2,500 and $8,000. 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 age requirements for a reverse mortgage in Lusby Maryland?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed on the loan. Maryland follows federal HECM guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in Maryland?
Yes, Maryland law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives. The counselor must be independent of the lender.
Can I lose my home with a reverse mortgage in Lusby?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Maryland law provides a three-month grace period after a missed payment before foreclosure can begin. You must also continue living in the home as your primary residence.