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Compare reverse mortgage specialists in Copperas Cove. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Copperas Cove, 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 Copperas Cove, 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.
First Community Mortgage
107 W Hwy 190, Copperas Cove, TX 76522
2545425100
Mortgage Lender Copperas Cove TX
107 W Hwy 190, Copperas Cove, TX 76522
2542551508
A reverse mortgage specialist in Copperas Cove, 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). Copperas Cove residents benefit from local specialists who understand the unique real estate market in Coryell County.
What Does a Reverse Mortgage Specialist in Copperas Cove Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 6,000 dollars, an appraisal fee of 400 to 600 dollars, and third-party costs such as title insurance and recording fees totaling 1,000 to 2,500 dollars. HUD also charges an upfront mortgage insurance premium of 2 percent of the appraised value. All costs vary by loan amount and property value. 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 eligibility requirements for a reverse mortgage in Copperas Cove Texas?
Borrowers must be at least 62 years old, own their home outright or have a low mortgage balance, and live in the home as their primary residence. Texas law also requires a mandatory counseling session with a HUD-approved counselor before the application process begins.
How does Texas homestead law affect reverse mortgages in Copperas Cove?
Texas has strong homestead protections, but a reverse mortgage is a lien against the property. The home must remain the borrower's primary residence. If the borrower moves out or fails to pay property taxes and insurance, the loan becomes due.
What costs are involved with a reverse mortgage specialist in Copperas Cove?
Costs include an origination fee, appraisal fee, third-party charges, and mortgage insurance premiums. Origination fees are capped by HUD at 2 percent of the first 200,000 of home value plus 1 percent of the amount above 200,000. These costs are typically financed into the loan.
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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.