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 8 reverse mortgage specialists in Webster, 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.
Union Home Mortgage- South Houston
430 E NASA Pkwy Suite A, Webster, TX 77598
(281) 619-8180
uhm.com
Denzil Alton Davis
711 W Bay Area Blvd Suites 450 & 610, Webster, TX 77598
(832) 372-5570
nrlmortgage.com
Rudy Zarate NMLS # 262973 The Texans Group (Mortgage Lender
711 W Bay Area Blvd Suite 286, Webster, TX 77598
(281) 747-6699
rudyzarate.com
Brett Draper - Union Home Mortgage
430 E NASA Pkwy Suite A, Webster, TX 77598
(281) 662-5209
uhm.com
Stone Mortgage Corporation
812 E NASA Pkwy Unit-B, Webster, TX 77598
(281) 335-1577
stonemortgagecorp.com
Al Louis Jones | Fairway Independent Mortgage Corporation Senior Loan Officer/Reverse Mortgage Planner
711 W Bay Area Blvd Suites 450 & 610, Webster, TX 77598
(281) 910-1513
fairwayindependentmc.com
Mike Michael Hicks | Fairway Independent Mortgage Corporation Reverse Sales Manager
711 W Bay Area Blvd Suites 450 & 610, Webster, TX 77598
(713) 805-5351
What Does a Reverse Mortgage Specialist in Webster Cost?
Typical costs for a reverse mortgage in Texas include an origination fee (up to 2% of the home value), a mortgage insurance premium (2% upfront plus 0.5% annually), and third-party fees for appraisal and title work. Total closing costs often range from 2,000 to 6,000 dollars. These costs can be financed into the loan. 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 Webster Texas?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence. Texas law also requires a financial assessment to ensure the borrower can pay property taxes and insurance.
How does a reverse mortgage work in Texas?
The lender makes payments to the borrower based on home equity, age, and interest rates. No monthly mortgage payments are required. The loan becomes due when the borrower moves out, sells the home, or passes away. Texas has a three-day right of rescission after closing.
Are reverse mortgage proceeds taxable in Texas?
Reverse mortgage proceeds are not considered income and are not taxable. They do not affect Social Security or Medicare benefits. However, they may affect Medicaid eligibility. Borrowers should consult a tax professional for their specific situation.