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Showing 2 reverse mortgage specialists in North Salt Lake, 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.
At Home Discount Mortgage
640 N Main St #132, North Salt Lake, UT 84054
8017598282
Elevated Lending
1010 N 500 E Suite 101, North Salt Lake, UT 84054
8012989400
What Does a Reverse Mortgage Specialist in North Salt Lake Cost?
Typical costs for a reverse mortgage specialist 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 fees such as appraisal and title search ranging from 500 to 1,500 dollars. These costs can be rolled into the loan amount. 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 North Salt Lake Utah?
Borrowers must be at least 62 years old. All homeowners on the title must meet this age requirement to qualify for a reverse mortgage in Utah.
Do I need counseling before getting a reverse mortgage in Utah?
Yes, Utah law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur before you can submit a loan application.
Can I lose my home with a reverse mortgage in North Salt Lake?
You can lose your home if you fail to pay property taxes, maintain homeowner insurance, or keep the property in good repair. You must also continue living in the home as your primary residence.