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 4 reverse mortgage specialists in Creve Coeur, 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.
Delmar Mortgage - Corporate Headquarters
1066 Executive Pkwy Dr #100, Creve Coeur, MO 63141
3144347000
First Bank Mortgage- Jacob Spratt
11901 Olive Blvd, Creve Coeur, MO 63141
6369002665
Land Home Financial Services, Inc
12324 Olive Blvd, Creve Coeur, MO 63141
8772765550
Community Mortgage LLC
701 Emerson Rd #260, Creve Coeur, MO 63141
3143366000
What Does a Reverse Mortgage Specialist in Creve Coeur Cost?
Typical costs for a reverse mortgage in Missouri include an origination fee (up to $6,000), mortgage insurance premium (2% of the home value upfront plus 0.5% annually), and third-party fees like appraisal and title search (usually $500 to $1,500). Counseling fees are often waived or capped at $125. Total closing costs generally range from $2,000 to $8,000 depending on loan size and property value. 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 is a reverse mortgage specialist in Creve Coeur?
A reverse mortgage specialist is a licensed loan officer who guides seniors through the HECM process. They explain loan terms, costs, and eligibility requirements specific to Missouri. They do not provide legal advice but can refer you to local resources.
What are the age and equity requirements for a reverse mortgage in Missouri?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence. Missouri does not have additional state-specific age requirements beyond federal HUD rules.
How does Missouri law affect reverse mortgage proceeds?
Missouri does not tax reverse mortgage loan proceeds as income. The loan becomes due when you move out permanently, sell the home, or pass away. Heirs have 30 days after a due-and-payable notice to decide whether to pay off the loan or sell the property.