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Compare Reverse Mortgage Specialists in White Plains, MD
Browse reverse mortgage specialists serving White Plains, Maryland. Contact information and addresses listed below.
5 agents listed
Updated May 2026
White Plains, 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 5 reverse mortgage specialists in White Plains, 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.
Steven Boyce with FitzGerald Financial Group
5010 Regency Pl Suite 101, White Plains, MD 20695
4433365266
Fairway Independent Mortgage Corporation
10665 Stanhaven Pl Suite 103, White Plains, MD 20695
2407765731
Sam Leach Loan Officer with FitzGerald Financial Group
5010 Regency Pl Suite 101, White Plains, MD 20695
4435320478
James FitzGerald Mortgage Loan Officer with FitzGerald Financial Group
5010 Regency Pl Suite 101, White Plains, MD 20695
2403208087
Mike K Bendebba | Fairway Independent Mortgage Corporation Branch Manager
10665 Stanhaven Pl Suite 103, White Plains, MD 20695
2407765731
Reverse mortgage specialists in White Plains, Maryland help homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Maryland law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists in Charles County guide clients through the unique process, including property eligibility and loan limits specific to the state.
What Does a Reverse Mortgage Specialist in White Plains Cost?
Typical costs for a reverse mortgage in Maryland include an origination fee up to $6,000, a mortgage insurance premium of 2% of the appraised value, and third-party fees such as appraisal ($400 to $800) and title search ($500 to $1,000). Closing costs generally range from $2,500 to $8,000, depending on the loan amount and property value. Borrowers also pay an annual mortgage insurance premium of 0.5% of the loan balance. 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 eligibility requirements for a reverse mortgage in White Plains Maryland?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet FHA standards. Maryland law also requires you to complete a counseling session with a HUD-approved counselor before applying.
Are reverse mortgage proceeds taxable in Maryland?
No, reverse mortgage proceeds are not considered income by the IRS or the state of Maryland. They are loan advances, so they do not affect Social Security or Medicare benefits. However, you must still pay property taxes and homeowners insurance.
What happens to the reverse mortgage when the borrower dies in Maryland?
When the last borrower dies, the loan becomes due. Heirs have 30 days to decide whether to pay off the loan or sell the home. Maryland law gives heirs additional time if needed, but interest continues to accrue. If the home is sold, any remaining equity goes to the estate.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.