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 Rhode Island before hiring.
Showing 4 reverse mortgage specialists in Greenville, RI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Nicholas Caccia at CrossCountry Mortgage
5 Austin Ave #1, Greenville, RI 02828
4014400129
Gian Martellini at CrossCountry Mortgage
5 Austin Ave #1, Greenville, RI 02828
4012156004
CrossCountry Mortgage, LLC
5 Austin Ave #1, Greenville, RI 02828
4016486000
Joseph Roumelis at CrossCountry Mortgage
5 Austin Ave #1, Greenville, RI 02828
4012260233
What Does a Reverse Mortgage Specialist in Greenville Cost?
In Rhode Island, reverse mortgage costs include an origination fee capped at 2 percent of the first 200,000 dollars of home value plus 1 percent of the amount above that. Upfront mortgage insurance premiums are 2 percent of the appraised value. Third-party fees such as appraisal, credit report, and title insurance add 500 to 1,500 dollars. Annual servicing fees are typically 30 to 35 dollars per month. 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 does a reverse mortgage specialist in Greenville do?
A reverse mortgage specialist guides you through the loan process, explains eligibility, and helps you compare options. They work with lenders to ensure you meet Rhode Island counseling and disclosure requirements. They do not provide financial advice but can explain how the loan works.
Are there Rhode Island specific rules for reverse mortgages?
Yes, Rhode Island law mandates that all borrowers complete a counseling session with a HUD-approved agency before applying. The state also requires lenders to provide clear disclosures about fees and repayment terms. These rules protect homeowners from predatory lending.
How much does a reverse mortgage cost in Rhode Island?
Costs include an origination fee up to 2% of the home value, mortgage insurance premiums, and third-party fees like appraisal and title search. Total closing costs in Rhode Island typically range from 2,000 to 6,000 dollars. These costs can be financed into the loan.