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Compare Reverse Mortgage Specialists in Friendswood, TX
Looking for a reverse mortgage specialist in Friendswood? Review the directory below to compare your options.
12 agents listed
Updated May 2026
Friendswood, 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 12 reverse mortgage specialists in Friendswood, 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.
Mylo Mortgage LLC
105 Hunters Ln Suite 106, Friendswood, TX 77546
8776956123
Jason Holter | Mylo Mortgage
105 Hunters Ln Suite 106, Friendswood, TX 77546
2812127076
Guild Mortgage - Anna Babineaux
306 W Edgewood Dr f, Friendswood, TX 77546
8325692878
Michele Green | Mylo Mortgage
105 Hunters Ln Suite 106, Friendswood, TX 77546
7137256474
Todd Binkley - Gateway Mortgage
807 S Friendswood Dr Suite 2, Friendswood, TX 77546
8323850450
Laura Haines - NMLS# 985977 | AmCap Home Loans
4211 Friendswood Link Rd Ste 101, Friendswood, TX 77546
8322056510
Marc Elliott | Mylo Mortgage, LLC Loan Officer NMLS 234917
105 Hunters Ln Suite 106, Friendswood, TX 77546
2816875095
Rafaela Ruffino
1560 W Bay Area Blvd Ste 140, Friendswood, TX 77546
7134373968
Jake West - Gateway Mortgage
807 S Friendswood Dr Suite 2, Friendswood, TX 77546
2814170441
Tanya Robinson - Mylo Mortgage LLC - NMLS 1516655
105 Hunters Ln Suite 106, Friendswood, TX 77546
8326998804
Rob Linder - Branch Manager - CMG Home Loans
1560 W Bay Area Blvd Ste 140, Friendswood, TX 77546
8322742640
Memorial Mortgage, LLC
820 S Friendswood Dr UNIT 206, Friendswood, TX 77546
3462219611
A reverse mortgage specialist in Friendswood Texas helps homeowners aged 62 and older convert part of their home equity into loan proceeds. Texas law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Friendswood residents can use these funds for home improvements, medical expenses, or supplementing retirement income while remaining in their homes.
What Does a Reverse Mortgage Specialist in Friendswood Cost?
Typical costs for a reverse mortgage 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 costs such as appraisal and title fees. Total closing costs often range from 2,000 to 6,000 dollars depending on the 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 Friendswood Texas?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence, and you must complete a HUD-approved counseling session. Texas law also requires a financial assessment to ensure you can pay property taxes and insurance.
How does Texas law affect reverse mortgage terms for Friendswood homeowners?
Texas law follows federal HUD guidelines for Home Equity Conversion Mortgages. Borrowers must receive a detailed loan estimate and have a three-day right of rescission after closing. Texas also prohibits lenders from requiring the purchase of additional financial products as a condition of the loan.
Can I lose my home with a reverse mortgage in Friendswood?
Yes, if you fail to pay property taxes, homeowners insurance, or maintain the home. You must also continue to occupy the home as your primary residence. If you move out for more than 12 consecutive months, the loan becomes due and payable.
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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.