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Reverse Mortgage Specialists in Burlington, WA

Compare reverse mortgage specialists in Burlington. Review contact information and insurance categorys before you decide.

3 agents listed
Updated May 2026
Burlington, WA
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 Washington before hiring.
Showing 3 reverse mortgage specialists in Burlington, WA Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Sam Borthwick- USA Mortgage
770 S Burlington Blvd, Burlington, WA 98233
2068534447
Cody Ellison - Banner Bank Residential Loan Officer
301 E Fairhaven Ave, Burlington, WA 98233
3603915577
Private Lending Investments, Inc.
120 E George Hopper Rd Suite 200, Burlington, WA 98233
3607572462

A reverse mortgage specialist in Burlington, Washington can help homeowners aged 62 and older convert part of their home equity into tax-free funds. Washington state requires borrowers to complete a counseling session with a HUD-approved counselor before obtaining a Home Equity Conversion Mortgage (HECM). Local specialists understand the Skagit County real estate market and can explain how Washington laws protect borrowers.

What Does a Reverse Mortgage Specialist in Burlington Cost?

Typical costs for a reverse mortgage in Washington include an origination fee of up to 6000 dollars, a mortgage insurance premium of 2 percent of the home value, and appraisal fees ranging from 400 to 800 dollars. Closing costs usually total between 3000 and 8000 dollars. These costs can be financed into the loan. 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 Burlington Washington?
You must be at least 62 years old to qualify for a reverse mortgage in Washington. All borrowers listed on the title must meet this age requirement. The home must be your primary residence.
Is a reverse mortgage counseling session required in Washington state?
Yes, Washington law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must take place before you can submit a loan application. The counselor will explain the costs, benefits, and alternatives.
What property types qualify for a reverse mortgage in Burlington Washington?
Single-family homes, HUD-approved condominiums, and manufactured homes that meet FHA standards qualify. The property must be located in Skagit County and serve as your primary residence. Second homes and investment properties do not qualify.