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Find Reverse Mortgage Specialists Near You in Potomac, MD
Compare reverse mortgage specialists in Potomac. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Potomac, MD
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 2 reverse mortgage specialists in Potomac, 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.
Greenway Home Loans, Inc.
7811 Montrose Rd Suite 430, Potomac, MD 20854
8779455626
Guild Mortgage - Jeffrey Morelli
12435 Park Potomac Ave, Potomac, MD 20854
3015035423
A reverse mortgage specialist in Potomac Maryland helps homeowners aged 62 and older convert home equity into cash. In Maryland lenders must follow state disclosure laws and provide a mandatory counseling session. This service is useful for seniors looking to supplement retirement income without selling their home.
What Does a Reverse Mortgage Specialist in Potomac Cost?
Typical costs for a reverse mortgage specialist in Maryland include an origination fee of up to 6000 for a 400000 home plus a HUD mandated mortgage insurance premium of 2 percent of the appraised value. Other costs like appraisal title search and recording fees add 1000 to 3000. Total closing costs often range from 8000 to 15000. 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 Potomac Maryland?
You must be at least 62 years old to qualify for a reverse mortgage in Maryland. All borrowers on the title must meet this age requirement. The home must be your primary residence.
Are there specific Maryland laws for reverse mortgage counseling?
Yes Maryland requires that all borrowers receive independent counseling from a HUD approved agency before applying. This session must occur at least 7 days before the loan closing. The counselor will explain the loan terms costs and alternatives.
What costs are involved with a reverse mortgage specialist in Potomac?
Costs include an origination fee appraisal fee closing costs and mortgage insurance premiums. In Maryland the origination fee is capped at 2 percent of the first 200000 of home value plus 1 percent of the amount above 200000. Total costs typically range from 5000 to 15000 depending on the loan size.
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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 Maryland.