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Compare Reverse Mortgage Specialists in Danville, VA
Compare reverse mortgage specialists in Danville. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Danville, 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 Virginia before hiring.
Showing 2 reverse mortgage specialists in Danville, 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.
ALCOVA Mortgage | Danville, VA
2276 Franklin Turnpike suite 113, Danville, VA 24540
4348367777
Curt McGuire, NMLS 86508
2276 Franklin Turnpike suite 113, Danville, VA 24540
4342513734
A reverse mortgage specialist in Danville Virginia can help homeowners aged 62 and older access their home equity without monthly payments. Virginia law requires borrowers to complete HUD approved counseling before applying for a Home Equity Conversion Mortgage. Danville residents should work with a specialist who understands local property values and Virginia recording requirements.
What Does a Reverse Mortgage Specialist in Danville Cost?
Typical costs for a reverse mortgage in Virginia include an origination fee 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. These fees often range from 5000 to 15000 dollars depending on the home value and loan type. Costs vary by situation and lender. 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 Danville Virginia?
Borrowers must be at least 62 years old. If married, a non borrowing spouse under 62 may have limited protections under Virginia law. The specialist will explain how age affects eligibility and loan terms.
Do I need to own my home free and clear to get a reverse mortgage in Danville?
No, you do not need to own your home free and clear. You must have significant equity. The reverse mortgage will pay off any existing mortgage balance first. Virginia law requires that the home be your primary residence.
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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 Virginia.