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 Missouri before hiring.
Showing 5 reverse mortgage specialists in Clayton, MO
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Carlson Mortgage
7777 Bonhomme Ave Suit 1800, Clayton, MO 63105
3143297314
David Goldberg at Guaranteed Rate Affinity (NMLS #1052663)
222 S Central Ave UNIT 202, Clayton, MO 63105
3146491813
Jean Kavanaugh at Guaranteed Rate Affinity (NMLS #1861751)
222 S Central Ave Suite 202, Clayton, MO 63105
3142989026
Ed McPike at Guaranteed Rate Affinity (NMLS #543339)
222 S Central Ave Suite 202, Clayton, MO 63105
3147524386
Cathy Meggs at Guaranteed Rate Affinity (NMLS #2012065)
222 S Central Ave Suite 202, Clayton, MO 63105
6365360574
What Does a Reverse Mortgage Specialist in Clayton Cost?
Typical costs for a reverse mortgage specialist in Missouri include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront plus 0.5 percent annually, and appraisal fees ranging from 400 to 700 dollars. Closing costs and third-party fees add 1,000 to 3,000 dollars. Costs vary by loan amount and lender. 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 Missouri?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet HUD property standards. Missouri does not have additional state-specific eligibility rules beyond federal HECM requirements.
Do I need to attend counseling for a reverse mortgage in Clayton?
Yes, Missouri law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session can be done in person or by phone. The counselor explains loan terms, costs, and alternatives.