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Showing 2 reverse mortgage specialists in La Marque, TX
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Lendmark Financial Services LLC
2600 FM1764 Suite 175, La Marque, TX 77568
(409) 572-9484
lendmarkfinancial.com
What Does a Reverse Mortgage Specialist in La Marque Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Third party costs like appraisal title insurance and recording fees range from 2000 to 5000 dollars. The mandatory HUD counseling fee is about 125 dollars. These costs can be financed into the loan. 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 La Marque Texas?
Borrowers must be at least 62 years old. If married the younger spouse must also be 62 to be on the loan. Texas law follows federal HUD guidelines for age eligibility.
Do I need to own my home free and clear to get a reverse mortgage in Texas?
No you do not need to own the home free and clear. You can use the reverse mortgage to pay off an existing mortgage. Texas law requires the home to be your primary residence.