Find Reverse Mortgage Specialists in Midland, TX
Browse reverse mortgage specialists serving Midland, Texas. Contact information and addresses listed below.
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 17 reverse mortgage specialists in Midland, 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 Midland Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 2 percent of the home value, an appraisal fee of 400 to 800 dollars, and a mandatory counseling fee of about 125 dollars. Closing costs and mortgage insurance premiums also apply. Total upfront costs usually range from 2,000 to 6,000 dollars. 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 Midland Texas?
Borrowers must be at least 62 years old. This is a federal requirement that applies in Texas and all other states. The youngest borrower on the title must meet this age minimum.
Do I need counseling before getting a reverse mortgage in Texas?
Yes, Texas law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying. This session covers costs, alternatives, and obligations. The counselor must be independent from the lender.