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 14 reverse mortgage specialists in Madison, 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.
MS Lending, LLC
742 Magnolia St Ste D, Madison, MS 39110
6016513959
MS Lending: Julene Stewart
742 Magnolia St Suite B, Madison, MS 39110
6018620542
Guild Mortgage - Russ Ogburn
501 Cobblestone Ct Suites A,b,c,d, Madison, MS 39110
6019402998
Guild Mortgage Company
501 Cobblestone Ct Suites A,b,c,d, Madison, MS 39110
6019402998
Guild Mortgage - Gabe Caraway
501 Cobblestone Ct Suites A,b,c,d, Madison, MS 39110
7692301835
Guild Mortgage - Russell Hood
501 Cobblestone Ct Suites A,b,c,d, Madison, MS 39110
6018323445
MS Lending, LLC- John Bonelli
1085 Gluckstadt Rd No. 500B, Madison, MS 39110
6018429764
Guild Mortgage - Chris Corley
501 Cobblestone Ct Suites A,b,c,d, Madison, MS 39110
6015406791
Fidelity Mortgage, LLC - Madison NMLS#1039190
919 US-51 B, Madison, MS 39110
6014872770
AMS Mortgage
7738 Old Canton Rd Ste D, Madison, MS 39110
6016074722
Trustmark Mortgage
1017 US-51, Madison, MS 39110
6018534565
MS Lending, LLC
745 US-51, Madison, MS 39110
6016513959
Fidelity Mortgage, LLC
1085 Gluckstadt Rd, Madison, MS 39110
6018620542
Alan Wall - Renasant Mortgage
1600 Highland Colony Pkwy, Madison, MS 39110
6016687305
What Does a Reverse Mortgage Specialist in Madison Cost?
Typical costs for a reverse mortgage in Mississippi include an origination fee up to 6000 dollars a mortgage insurance premium of 2 percent of the home value and third-party fees like appraisal and title search. Closing costs often range from 3000 to 8000 dollars depending on the property value. These costs are usually financed into the loan so you pay no upfront cash. 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 Mississippi?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed on the loan. Mississippi follows federal HUD guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in Madison?
Yes. Mississippi law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session explains loan terms costs and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in Mississippi?
Yes if you fail to pay property taxes homeowners insurance or maintain the home. Mississippi has no state law that overrides these federal requirements. You must keep the home in good condition to avoid foreclosure.