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Showing 2 reverse mortgage specialists in North 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.
Community Mortgage Group
2945 N 1670 E, North Logan, UT 84341
4356596142
Beam Lending
2072 N Main St Suite 101, North Logan, UT 84341
4353637114
What Does a Reverse Mortgage Specialist in North Logan Cost?
Typical costs for a reverse mortgage in Utah 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 costs such as appraisal and title fees. Total closing costs often range from 5,000 to 15,000 dollars depending on the home value and loan type. 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 North Logan Utah?
You must be at least 62 years old to qualify for a HECM reverse mortgage in Utah. All borrowers on the title must meet this age requirement. Non borrowing spouses have certain protections under Utah law.
Do I need counseling before getting a reverse mortgage in Utah?
Yes, Utah law requires you to complete a counseling session with a HUD approved counselor before you can apply for a reverse mortgage. This session explains the loan terms, costs, and alternatives. The counselor must be independent from the lender.
How does a reverse mortgage affect my Utah property taxes?
A reverse mortgage does not change your property tax obligation. You must continue paying property taxes to Cache County. Utah offers a Property Tax Deferral program for seniors that may help if you have limited income.