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Compare Reverse Mortgage Specialists in Bonham, TX
Browse reverse mortgage specialists serving Bonham, Texas. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Bonham, 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 2 reverse mortgage specialists in Bonham, 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.
Guild Mortgage - Sabrina Wegley
513 N Main St Suite A, Bonham, TX 75418
9039573150
Excel Mortgage Brokers: Bob Reynolds, NMLS #1973410
221 W 6th St, Bonham, TX 75418
2144765686
A reverse mortgage specialist in Bonham, Texas helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Under Texas law, reverse mortgages are regulated by the Texas Constitution and must include consumer protections like mandatory counseling. Local specialists can guide Bonham residents through the process, including property tax and insurance requirements.
What Does a Reverse Mortgage Specialist in Bonham Cost?
Typical costs for a reverse mortgage specialist 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 for appraisal and title services. Total closing costs often range from 2,000 to 6,000 dollars, depending on the property value and loan type. Costs vary by situation and lender. 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 Bonham Texas?
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. Texas law also requires you to complete a HUD-approved counseling session before applying.
How does Texas law affect reverse mortgage terms in Bonham?
Texas law limits reverse mortgages to single-family homes and requires lenders to provide a clear disclosure of costs. The loan must also be non-recourse, meaning you or your heirs will not owe more than the home is worth when sold.
Can I lose my home with a reverse mortgage in Bonham Texas?
Yes, if you fail to pay property taxes, maintain homeowners insurance, or keep the home in good repair. Texas law requires you to maintain the home as your primary residence to avoid default.
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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 Texas.