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Looking for a reverse mortgage specialist in Millington? Review the directory below to compare your options.
8 agents listed
Updated May 2026
Millington, TN
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 8 reverse mortgage specialists in Millington, 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.
Check Into Cash
4764 Navy Rd, Millington, TN 38053
9018732274
Advance Financial
8322 US-51, Millington, TN 38053
9013103088
World Finance
8507 US-51 Ste 109, Millington, TN 38053
9014072410
Patriot Bank Mortgage
8370 US-51 #107, Millington, TN 38053
9018728517
INSOUTH Bank
7696 US-51, Millington, TN 38053
9018724545
First Metropolitan Financial Services, Inc.
8253 US-51 suite 104, Millington, TN 38053
9018725002
Edward Jones - Financial Advisor: Robert Wharton
8370 US-51 Suite 115, Millington, TN 38053
9018730468
American Mortgage Services Inc
8086 TN-3, Millington, TN 38053
9018731400
Reverse mortgage specialists in Millington, Tennessee help homeowners aged 62 and older convert part of their home equity into tax-free funds. Tennessee law requires borrowers to complete a counseling session with a HUD-approved counselor before obtaining a reverse mortgage. These specialists guide clients through the process, including understanding loan terms and property tax obligations in Shelby County.
What Does a Reverse Mortgage Specialist in Millington Cost?
Reverse mortgage costs in Tennessee typically 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 such as appraisal and title search. These fees can total between 3,000 and 8,000 dollars depending on the home value and loan type. Costs vary by lender and case. 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 Millington Tennessee?
You must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the home as your primary residence. In Tennessee, you also need to attend a mandatory counseling session with a HUD-approved counselor. The property must be a single-family home, a two-to-four unit property, or a FHA-approved condominium.
How does a reverse mortgage affect my property taxes in Millington?
In Tennessee, you are still responsible for paying property taxes and homeowners insurance. If you fail to pay these, the loan may become due. Shelby County offers tax relief programs for seniors, but these do not eliminate the obligation to pay taxes on a reverse mortgage property.
Can I lose my home with a reverse mortgage in Millington?
Yes, you can lose your home if you do not meet loan requirements. These include living in the home, paying property taxes and insurance, and maintaining the property. Tennessee law does not provide additional protections beyond federal HUD rules for reverse mortgages.
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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 Tennessee.