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Compare Reverse Mortgage Specialists in Payson, UT
Compare reverse mortgage specialists in Payson. Review contact information and insurance categorys before you decide.
5 agents listed
Updated May 2026
Payson, UT
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 Utah before hiring.
Showing 5 reverse mortgage specialists in Payson, 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.
Ryan Mortgage Company
373 S 100 W, Payson, UT 84651
8014653422
Team USA Mortgage
1675 W 200 S, Payson, UT 84651
8018859679
Innovative Mortgage Alliance LLC - Payson Branch
764 E 100 N, Payson, UT 84651
8017871232
Websters
235 E 1250 S, Payson, UT 84651
8017871232
US Bank Mortgage
632 S 100 W, Payson, UT 84651
8014658275
A reverse mortgage specialist in Payson Utah helps homeowners aged 62 and older convert home equity into loan proceeds. Utah law requires borrowers to complete HUD approved counseling before applying for a Home Equity Conversion Mortgage. These loans are non recourse meaning you will not owe more than the home is worth when the loan becomes due.
What Does a Reverse Mortgage Specialist in Payson Cost?
Typical costs for a reverse mortgage in Utah include an origination fee up to 6000 dollars, a mortgage insurance premium of 2 percent of the home value, and third party costs such as appraisal and title fees. Total closing costs often range from 5000 to 15000 dollars depending on the home value and loan type. 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 Payson Utah?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and you must complete a counseling session with a HUD approved counselor.
How does a reverse mortgage affect my heirs in Utah?
When the last borrower dies or moves out the loan becomes due. Heirs can pay off the loan balance or sell the home. Utah law allows heirs up to 30 days to decide and up to 6 months to settle the loan.
Are reverse mortgage proceeds taxable in Utah?
Loan proceeds from a reverse mortgage are not considered income for federal or Utah state tax purposes. They do not affect Social Security or Medicare benefits. However they may affect need based programs like Medicaid.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Utah.