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Compare Reverse Mortgage Specialists in Weslaco, TX

Directory of reverse mortgage specialists in Weslaco, Texas. Verify credentials with the state mortgage licensing authority before hiring.

8 agents listed
Updated May 2026
Weslaco, 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 8 reverse mortgage specialists in Weslaco, 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.
Western Finance
512 S Texas Blvd, Weslaco, TX 78596
9569688431
ARCA MORTGAGE LLC
2023 S Border Ave, Weslaco, TX 78596
9563050113
Susan Griggs at Rate (NMLS #231200)
2300 W Pike Blvd Suite 102, Weslaco, TX 78596
2155745963
PNC Mortgage
417 S International Blvd, Weslaco, TX 78596
9564475441
Mortgage Lender Weslaco TX
2300 W Pike Blvd, Weslaco, TX 78596
9562474661
Mortgage Lender Weslaco,TX
536 S Texas Blvd #6259, Weslaco, TX 78596
9562653403
PNC Mortgage
2301 W Expy 83, Weslaco, TX 78596
9569696214
Rate
2300 W Pike Blvd Suite 102, Weslaco, TX 78596
2155745963

A reverse mortgage specialist in Weslaco Texas helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Texas law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Weslaco residents can use these funds for home repairs medical expenses or supplementing retirement income.

What Does a Reverse Mortgage Specialist in Weslaco 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 fees for appraisal title and recording. Total closing costs often range from 2,000 to 6,000 dollars but vary by lender and property value. 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 eligibility requirements for a reverse mortgage in Weslaco Texas?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Texas law also requires a financial assessment to ensure you can pay property taxes and insurance.
How does Texas law affect reverse mortgage proceeds?
Texas law limits the amount you can borrow based on your age interest rates and home value. Proceeds are generally tax-free and do not affect Social Security or Medicare benefits. However you must continue to pay property taxes homeowners insurance and maintain the home.
What happens to the reverse mortgage when the borrower dies or moves out in Texas?
The loan becomes due when the last borrower dies sells the home or moves out for more than 12 months. Heirs have up to 30 days to decide whether to pay off the loan or sell the home. Texas law allows heirs to keep any remaining equity after the loan is repaid.