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Looking for a reverse mortgage specialist in Ada? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Ada, OK
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 Oklahoma before hiring.
Showing 2 reverse mortgage specialists in Ada, OK
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Gateway Mortgage
803 E Main St, Ada, OK 74820
5804360505
Jessica Bryant - Gateway Mortgage
803 E Main St, Ada, OK 74820
5804533209
A reverse mortgage specialist in Ada, Oklahoma helps homeowners aged 62 and older convert home equity into tax-free funds. Oklahoma law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists in Ada guide clients through this process and explain how the loan affects inheritance and property taxes.
What Does a Reverse Mortgage Specialist in Ada Cost?
Typical costs for a reverse mortgage specialist in Oklahoma include an origination fee of up to 2 percent of the home value (capped at 6 thousand dollars) and a mortgage insurance premium of 2 percent of the appraised value. Third-party fees for appraisal, title search, and recording range from 500 to 2 thousand dollars. Oklahoma also charges a mortgage recording tax. These costs are often financed into the loan. 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 Ada Oklahoma?
Borrowers must be at least 62 years old. The home must be the primary residence. Oklahoma follows federal HECM guidelines for age and occupancy.
Do I need counseling before getting a reverse mortgage in Oklahoma?
Yes. Oklahoma law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved agency. This session covers loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Ada?
You can lose the home if you fail to pay property taxes or homeowners insurance. Oklahoma law allows lenders to foreclose if loan conditions are not met. You must keep the home in good repair.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Oklahoma.