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 Tennessee before hiring.
Showing 20 reverse mortgage specialists in Jackson, TN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Leaders Credit Union- Mortgage Services
35 Stonebridge Blvd, Jackson, TN 38305
7312156678
Security Finance
621 Old Hickory Blvd Suite L, Jackson, TN 38305
7319847150
FirstBank Mortgage
11 Channing Way, Jackson, TN 38305
8002006462
Mortgage Investors Group
2821 N Highland Ave # B, Jackson, TN 38305
7313004300
Regional Finance
605 Carriage House Dr H, Jackson, TN 38305
7316601103
Preferred Plus Mortgage Inc
185 Carriage House Dr B, Jackson, TN 38305
7316645626
Premier Mortgage Financial
3001 Greystone Square, Jackson, TN 38305
7316688891
First Metropolitan Financial Services, Inc.
100 Vann Dr, Jackson, TN 38305
7312656917
Steadfast Mortgage | Jackson
200 Stonebridge Blvd Suite B-1, Jackson, TN 38305
7313947312
FirstBank Mortgage
11 Channing Way, Jackson, TN 38305
8002006462
Daniel Mooney, FirstBank Mortgage, NMLS# 741022
11 Channing Way, Jackson, TN 38305
7319260878
Karley Bond, Mortgage Loan Officer - First Horizon Bank
325 Oil Well Rd, Jackson, TN 38305
7316165350
Grayson Mortgage Group LLC
119 Bent Oaks Dr, Jackson, TN 38305
7313007172
Lauren Hickman, Mortgage Loan Officer - First Horizon Bank
325 Oil Well Rd, Jackson, TN 38305
7316607213
Jamie Watkins, Mortgage Loan Officer - First Horizon Bank
325 Oil Well Rd, Jackson, TN 38305
7316607233
Gateway Mortgage Group
31 Bowling Dr ste l, Jackson, TN 38305
7314998231
Kristen Barnett - Regions Mortgage Loan Officer
11 Murray Guard Dr, Jackson, TN 38305
7316177277
Mortgage Center
420 Oil Well Rd, Jackson, TN 38305
7314108009
Ryan Longley, Mortgage Lender, NMLS 2814668
408 Walker Rd, Jackson, TN 38305
7314107567
Franklin American Mortgage Company
200 Stonebridge Blvd, Jackson, TN 38305
7316604550
What Does a Reverse Mortgage Specialist in Jackson Cost?
Typical costs for a reverse mortgage in Tennessee include an origination fee up to 2% of the first 200,000 of the homes value plus 1% of the amount above that. Upfront mortgage insurance premium is 2% of the appraised value, and annual MIP is 0.5%. Third-party costs such as appraisal, title search, and recording fees range from 500 to 2,000. These costs can be 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 eligibility requirements for a reverse mortgage in Jackson Tennessee?
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. A financial assessment is required to ensure the borrower can pay property taxes and insurance.
Do I have to pay property taxes on a reverse mortgage in Tennessee?
Yes, you must continue to pay property taxes, homeowners insurance, and maintain the home. Failure to do so can result in loan default and possible foreclosure. Tennessee law does not exempt reverse mortgage borrowers from these obligations.
How much can I borrow with a reverse mortgage in Jackson Tennessee?
The amount depends on the youngest borrowers age, the homes appraised value, and current interest rates. In Tennessee, the maximum claim amount for a HECM is the appraised value or the FHA lending limit, whichever is lower. A specialist can provide a personalized estimate.