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 11 reverse mortgage specialists in Belton, 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.
The Wood Group of Fairway Independent Mortgage Corp.
127 Lake Rd Suite 300, Belton, TX 76513
2549339500
Extraco Banks | Belton
2000 N Main St, Belton, TX 76513
2547745500
Mutual of Omaha Mortgage
106 W Central Ave Suite 106, Belton, TX 76513
5129313881
Growing Home Mortgage LLC
202 E Central Ave Suite 210, Belton, TX 76513
2548920062
First Community Mortgage
208 E Central Ave Suite 101, Belton, TX 76513
2548317010
Dana Irvine Mortgage
820 Villa Como Dr, Belton, TX 76513
2547214691
Gunter Financial Services
204 N Penelope St Ste A, Belton, TX 76513
2546135508
Extraco Mortgage | Belton
2000 N Main St, Belton, TX 76513
2547745803
Shannon Alexander, The Wood Group of Fairway Home Mortgage
127 Lake Rd Suite 300, Belton, TX 76513
2542950905
New American Funding - Michael Huddleston
701 N Main St, Belton, TX 76513
2548590515
New American Funding - Killeen
701 N Main St, Belton, TX 76513
2543746227
What Does a Reverse Mortgage Specialist in Belton Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 2 percent of the home value, with a cap of $6,000. Other costs include a mortgage insurance premium of 2 percent of the appraised value, appraisal fees around $400 to $800, and closing costs ranging from $2,000 to $5,000. These amounts vary based on the loan type and property value. This information is general and does not constitute 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 Belton Texas?
In Texas, you must be at least 62 years old to qualify for a reverse mortgage. This applies to all homeowners listed on the title. The specialist will verify your age during the application process.
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 before applying. This session covers loan terms, costs, and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in Belton Texas?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Texas law also requires you to live in the home as your primary residence. A specialist can explain these obligations in detail.