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 Mississippi before hiring.
Showing 4 reverse mortgage specialists in Horn Lake, MS
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Advance America
1750 Goodman Rd W #200, Horn Lake, MS 38637
6622800495
LendNation
1399 Goodman Rd W #6, Horn Lake, MS 38637
6622805592
Money Matters
3352 Goodman Rd W, Horn Lake, MS 38637
6623935070
Tower Loan
1030 Goodman Rd, Horn Lake, MS 38637
6623491012
What Does a Reverse Mortgage Specialist in Horn Lake Cost?
Typical costs for a reverse mortgage in Mississippi include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third-party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. The upfront mortgage insurance premium is 2 percent of the home value. These costs are usually financed 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 Horn Lake Mississippi?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement under federal HUD rules. Mississippi does not have a separate state age requirement.
Do I need to own my home free and clear to get a reverse mortgage in Mississippi?
No you do not need to own the home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The remaining equity becomes available to you.
What counseling is required for a reverse mortgage in Horn Lake Mississippi?
Mississippi law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session covers loan terms costs and alternatives. The counselor must be independent from the lender.