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Browse reverse mortgage specialists serving Elsa, Texas. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Elsa, 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 Elsa, 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
720 E Edinburg Ave Ste 1003, Elsa, TX 78543
9562626948
Atlas Credit Co., Inc.
311 W Edinburg Ave, Elsa, TX 78543
9562628200
A reverse mortgage specialist in Elsa, Texas helps homeowners aged 62 and older convert home equity into tax-free funds. In Texas, reverse mortgages are regulated under the Texas Constitution and must comply with state homestead laws. Specialists guide clients through the federally insured Home Equity Conversion Mortgage (HECM) process tailored to local property values and senior needs.
What Does a Reverse Mortgage Specialist in Elsa Cost?
Typical costs for a reverse mortgage in Texas include an origination fee of up to 2 percent of the home value, an upfront mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. For a home valued at 200,000 dollars, total closing costs often range from 8,000 to 12,000 dollars. Costs vary by lender and loan type. 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 Elsa Texas?
Borrowers must be at least 62 years old. If married, the younger spouse must also meet this age requirement for the loan to proceed under Texas law.
Do I need to own my home free and clear to get a reverse mortgage in Elsa?
No, you can have an existing mortgage. The reverse mortgage will pay off your current loan, and you must have enough equity to cover the payoff and closing costs. Texas law requires a mandatory counseling session before approval.
What types of homes qualify for a reverse mortgage in Elsa Texas?
Single-family homes, FHA-approved condominiums, and manufactured homes that meet HUD standards qualify. The home must be your primary residence located in Elsa, Texas.
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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.