Compare Reverse Mortgage Specialists in Logan, UT
Browse reverse mortgage specialists serving Logan, Utah. 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 Utah before hiring.
Showing 20 reverse mortgage specialists in Logan, UT
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 Logan Cost?
Typical costs for a reverse mortgage specialist in Utah include an origination fee of up to 2 percent of the homes value and a mortgage insurance premium of 2 percent of the appraised value. Third party costs such as appraisal title and recording fees range from 1,500 to 3,500 dollars. These costs are usually 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 eligibility requirements for a reverse mortgage in Logan Utah?
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 and meet Federal Housing Administration property standards. Utah law does not add extra age or income requirements beyond federal rules.
Can I lose my home with a reverse mortgage in Utah?
You can lose the home if you fail to pay property taxes or homeowners insurance or if you do not maintain the property. Utah law requires lenders to provide a notice of default before foreclosure. You must also live in the home as your primary residence.
How much money can I get from a reverse mortgage in Logan?
The amount depends on your age the homes appraised value and current interest rates. In Utah the maximum claim amount for a Home Equity Conversion Mortgage is the appraised value or the FHA lending limit which is 1,089,300 dollars for 2024. Older borrowers generally receive more funds.