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Compare Reverse Mortgage Specialists in Colonial Heights, VA
Looking for a reverse mortgage specialist in Colonial Heights? Review the directory below to compare your options.
5 agents listed
Updated June 2026
Colonial Heights, VA
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 Virginia before hiring.
Showing 5 reverse mortgage specialists in Colonial Heights, VA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Presidential Bank Mortgage
2425 Boulevard Suite 1, Colonial Heights, VA 23834
What Does a Reverse Mortgage Specialist in Colonial Heights Cost?
Typical costs for a reverse mortgage in Virginia include an origination fee of up to 2% of the first $200,000 of home value plus 1% of the amount above $200,000, a mortgage insurance premium of 2% of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs in Colonial Heights generally range from $6,000 to $12,000 depending on 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 age requirements for a reverse mortgage in Colonial Heights Virginia?
You must be at least 62 years old to qualify for a HECM reverse mortgage in Virginia. Non-borrowing spouses under 62 may have protections under HUD rules if the loan was originated after August 4, 2014.
Do I need counseling before getting a reverse mortgage in Virginia?
Yes, Virginia law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. The session must occur at least 30 days before you can submit a loan application.
Can I lose my home with a reverse mortgage in Colonial Heights?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Virginia law also requires lenders to provide a pre-foreclosure notice at least 30 days before starting foreclosure proceedings.
Reverse Mortgage Specialists in Other Virginia Cities
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state 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 State Mortgage Licensing Authority of Virginia.