Compare Reverse Mortgage Specialists in Dallas, TX
Compare reverse mortgage specialists in Dallas. Review contact information and insurance categorys before you decide.
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
State Mortgage Licensing Authority of Texas before hiring.
Showing 20 reverse mortgage specialists in Dallas, 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.
What Does a Reverse Mortgage Specialist in Dallas Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 2 percent of the home value and a mortgage insurance premium of 2 percent of the appraised value. Closing costs usually range from 2,000 to 5,000 dollars. Third-party fees for appraisal title search and counseling add 500 to 1,500 dollars. Costs vary by loan amount 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 qualifications does a reverse mortgage specialist in Dallas need?
In Texas a specialist must hold a valid mortgage loan originator license. They should also have specific training on the Texas Home Equity Conversion Mortgage program which has stricter rules than federal HECM guidelines.
Are there Texas-specific rules for reverse mortgages?
Yes Texas has a unique homestead law that limits how much equity you can access. Borrowers cannot take more than 80 percent of the appraised value on a reverse mortgage. A mandatory counseling session with a Texas-approved counselor is also required.
How does a Dallas reverse mortgage affect my property taxes?
A reverse mortgage does not change your property tax exemption in Texas. You still must pay property taxes and homeowners insurance on time. Failure to pay could lead to foreclosure even with a reverse mortgage.