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Compare Reverse Mortgage Specialists in Aledo, TX

Looking for a reverse mortgage specialist in Aledo? Review the directory below to compare your options.

4 agents listed
Updated May 2026
Aledo, TX
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 Texas before hiring.
Showing 4 reverse mortgage specialists in Aledo, TX Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Armour Loan Team at Fairway Home Mortgage
9699 E Bankhead Hwy, Aledo, TX 76008
8177579344
David Starkey - Mortgage Lender at First United Mortgage Aledo Texas
401 FM 1187, Aledo, TX 76008
8179077600
TexasRealEstateSavings
120 Canyon Ridge Trail, Aledo, TX 76008
8178941013
First Financial Mortgage
505 FM 1187, Aledo, TX 76008
8175982600

A reverse mortgage specialist in Aledo Texas helps homeowners aged 62 and older convert home equity into loan proceeds without monthly payments. Texas law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Specialists guide clients through the unique Texas property tax deferral rules and homestead protections that apply to reverse mortgages in the state.

What Does a Reverse Mortgage Specialist in Aledo Cost?

Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 2 percent of the home value capped at 6000 dollars, a mortgage insurance premium of 2 percent of the home value, and third party fees for appraisal title and recording ranging from 1000 to 3000 dollars. Total closing costs often range from 8000 to 15000 dollars depending on home value and loan type. 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 Aledo Texas?
Borrowers must be at least 62 years old. For married couples, the younger spouse must also meet the age requirement. Texas law follows federal HECM guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in Texas?
Yes Texas law requires all borrowers to complete a counseling session with a HUD-approved counselor. The session must occur before you submit a loan application. Counseling costs around 125 to 250 dollars.
Can I lose my home with a reverse mortgage in Aledo?
You can lose your home if you fail to pay property taxes or homeowners insurance or if you stop living in the home as your primary residence. Texas law provides a 90 day cure period for missed tax payments before foreclosure starts.