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 Angleton, 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.
World Finance
1200 N Velasco St Ste 140, Angleton, TX 77515
9798499225
Security Finance
1125 N Velasco St, Angleton, TX 77515
9798483430
TDECU Angleton
2900 N Velasco St, Angleton, TX 77515
8008391154
PNC Mortgage
1803 N Velasco St, Angleton, TX 77515
9798498534
What Does a Reverse Mortgage Specialist in Angleton Cost?
Typical costs for a reverse mortgage in Texas 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. Total closing costs often range from 2,000 to 8,000 dollars depending on the property value and loan type. These costs can be financed into the loan rather than paid upfront. 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 age requirements for a reverse mortgage in Angleton Texas?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. Texas law also requires that the home be the borrower's primary residence.
Do I need counseling before getting a reverse mortgage in Texas?
Yes, Texas law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur before you can submit a loan application. The counselor will explain loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Angleton?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Texas law requires lenders to provide clear disclosures about these obligations. Staying current on these requirements keeps the loan in good standing.