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 South Carolina before hiring.
Showing 19 reverse mortgage specialists in Lexington, SC
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Palmetto Mortgage Group | Lexington, SC
925 E Main St Suite D, Lexington, SC 29072
8039717150
Home Loan Girl - Ashton Mitchell | 1st Time Buyer & VA Expert
528 Columbia Ave Suite B, Lexington, SC 29072
8439985045
Chapman Mortgage Team
149 Hollow Cove Rd, Lexington, SC 29072
8033603101
Daniel Atkins - Ameris Bank Mortgage
701 W Main St, Lexington, SC 29072
8038008000
Lexington Mortgage Center
317 W Main St, Lexington, SC 29072
8033594005
Gene Robertson, Movement Mortgage
146 E Main St, Lexington, SC 29072
8033313310
Jon Buerkert at CrossCountry Mortgage
4721 Sunset Blvd, Lexington, SC 29072
8032617851
Lee Risinger | SouthState Mortgage
5109 Sunset Blvd, Lexington, SC 29072
8035403988
Erica Harmon at CrossCountry Mortgage
925 E Main St Suite D, Lexington, SC 29072
9145592421
Joel Wall at Guaranteed Rate Affinity (NMLS #406462)
111 E Main St # C, Lexington, SC 29072
8033926044
Rebecca Barnhart - Movement Mortgage
146 E Main St, Lexington, SC 29072
8434753936
Charlie Sides - Ameris Bank Mortgage
701 W Main St, Lexington, SC 29072
8036083646
Lexington Mortgage Funding
100 Harmon St, Lexington, SC 29072
8038086230
Empire Mortgage, LLC
104 Harmon St #2, Lexington, SC 29072
8039963157
Acie Leslie at CrossCountry Mortgage
925 E Main St Suite D, Lexington, SC 29072
8777731226
Jared Christie - Mortgage Loan Officer - SC, GA & NC
146 E Main St, Lexington, SC 29072
8036935696
Integrité First Mortgage(SM), LLC
112 Jocassee Trce, Lexington, SC 29072
8038080877
First Reliance Mortgage: Lexington
801 N Lake Dr Suite 3, Lexington, SC 29072
8039964908
Harry Armstrong at CrossCountry Mortgage
925 E Main St Suite D, Lexington, SC 29072
8036732690
What Does a Reverse Mortgage Specialist in Lexington Cost?
Typical costs for a reverse mortgage in South Carolina include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. These costs are usually financed into the loan. 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 Lexington South Carolina?
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. South Carolina does not impose additional state level requirements beyond federal HECM rules.
How does South Carolina law affect reverse mortgage proceeds?
South Carolina exempts reverse mortgage proceeds from state income tax. The funds are considered loan advances not income. Borrowers must continue to pay property taxes and homeowners insurance to avoid default.
What happens to the reverse mortgage when the borrower dies or moves out in South Carolina?
The loan becomes due when the last borrower dies sells or permanently leaves the home. Heirs have 30 days to decide to pay off the loan or sell the property. South Carolina law allows heirs a reasonable time to settle the estate without immediate foreclosure.