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Looking for a reverse mortgage specialist in Burkburnett? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Burkburnett, 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 Burkburnett, 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.
Security Finance
burk plaza, 416 S Ave D, Burkburnett, TX 76354
9405694059
Edward Jones - Financial Advisor: Guy L Duke
314 E 3rd St, Burkburnett, TX 76354
9405691481
A reverse mortgage specialist in Burkburnett, Texas can help homeowners aged 62 and older convert home equity into tax-free funds. Texas law requires reverse mortgage borrowers to receive independent counseling from a HUD-approved agency before closing. Local specialists in Burkburnett understand the specific property value trends in Wichita County and can guide clients through the Texas reverse mortgage process.
What Does a Reverse Mortgage Specialist in Burkburnett Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee capped at 2 percent of the home value or $6,000, whichever is less. Upfront mortgage insurance premiums are 2 percent of the appraised value, and annual premiums are 0.5 percent. Appraisal fees in Burkburnett range from $450 to $650. Closing costs usually total between $2,500 and $5,000. 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 Burkburnett Texas?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement under Texas law. The youngest borrower determines eligibility.
Is a reverse mortgage in Texas subject to any mandatory waiting period?
Yes, Texas law mandates a three-day right of rescission after closing. This means you have three business days to cancel the loan without penalty. The loan cannot be funded until this period ends.
What property types qualify for a reverse mortgage in Burkburnett Texas?
Single-family homes, HUD-approved condominiums, and manufactured homes that meet FHA standards qualify. The property must be the borrower's primary residence. Texas law does not allow reverse mortgages on investment properties or second homes.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.