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 3 reverse mortgage specialists in Parkville, 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.
PrimeLending, A PlainsCapital Company - Parkville
603 East St Suite 100, Parkville, MO 64152
8162565721
Patrick Weidt, NMLS: 400427
603 East St Suite 100, Parkville, MO 64152
8164052916
Paul Pisoni, NMLS: 135677, PrimeLending
603 East St Suite 100, Parkville, MO 64152
8162251220
What Does a Reverse Mortgage Specialist in Parkville Cost?
Typical costs for a reverse mortgage in Missouri include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. These costs often range from 3000 to 8000 dollars depending on the home value and loan type. 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 Parkville Missouri?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Missouri law does not allow younger spouses to be co-borrowers on a HECM loan.
Do I need counseling before getting a reverse mortgage in Missouri?
Yes, Missouri requires all reverse mortgage applicants 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.
Can I lose my home with a reverse mortgage in Parkville?
You can lose your home if you fail to pay property taxes or homeowners insurance, or if you move out for more than 12 months. Missouri law requires lenders to provide clear disclosures about these obligations.