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 3 reverse mortgage specialists in Pottsboro, 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.
Jeremy Lewis DBA The Grayson Home Loans Team NMLS#273694
532 FM 120, Pottsboro, TX 75076
9038154496
Guild Mortgage Company
111 FM 120 #107, Pottsboro, TX 75076
9038158905
Capacity Lending
215 FM 120, Pottsboro, TX 75076
4696400400
What Does a Reverse Mortgage Specialist in Pottsboro Cost?
Typical costs for a reverse mortgage specialist 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 fees such as appraisal and title search. These costs often total between 5000 and 15000 dollars depending on the home value and loan type. 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 age requirements for a reverse mortgage in Pottsboro Texas?
Borrowers must be at least 62 years old. If a married couple applies and one spouse is under 62, Texas rules may still allow the loan under certain conditions. A specialist can explain the specific eligibility rules for your case.
Do I need to attend counseling for a reverse mortgage in Texas?
Yes. Texas law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must happen before you submit your loan application. The counselor explains the loan terms and your obligations.
Can I lose my home with a reverse mortgage in Pottsboro?
You can lose your home if you fail to pay property taxes or homeowners insurance, or if you do not maintain the property. Texas law requires you to keep the home as your primary residence. A specialist can help you understand these requirements.