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Find Reverse Mortgage Specialists in Mercer Island, WA
Looking for a reverse mortgage specialist in Mercer Island? Review the directory below to compare your options.
5 agents listed
Updated May 2026
Mercer Island, 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 5 reverse mortgage specialists in Mercer Island, 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.
Chase Home Lending
7900 SE 28th St Ste 101, Mercer Island, WA 98040
5035770044
Charlene Wenner-U.S. Bank Mortgage
2737 78th Ave SE #102, Mercer Island, WA 98040
4256372428
U.S. Bank-Mortgage Loan Officer-Renee Connor
U.S. Bank Area Served, Mercer Island, WA 98040
2063408031
US Bank Mortgage
2737 78th Ave SE #102, Mercer Island, WA 98040
2062365909
Laura E Eng - 414007 - Wells Fargo Home Mortgage
3001 78th Ave SE, Mercer Island, WA 98040
2062750138
A reverse mortgage specialist in Mercer Island Washington helps homeowners aged 62 and older access home equity without monthly payments. Washington state requires reverse mortgage counseling through a HUD approved agency before you can apply. This service is useful for Mercer Island residents who want to supplement retirement income or cover home repairs while staying in their home.
What Does a Reverse Mortgage Specialist in Mercer Island Cost?
Typical costs for a reverse mortgage specialist in Washington 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 for appraisal and title work. For a home valued at 500,000 dollars, total upfront costs can range from 10,000 to 15,000 dollars. These costs are usually rolled into the loan balance. 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 Mercer Island Washington?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Washington state law also requires you to complete a counseling session with a HUD approved counselor before you can proceed.
How does Washington state law affect reverse mortgage terms?
Washington follows federal HUD rules for Home Equity Conversion Mortgages. State law mandates a three day right of rescission after closing, meaning you can cancel the loan for any reason within three business days. Washington also requires lenders to provide a detailed disclosure of all fees and terms before you sign.
Can I lose my home with a reverse mortgage in Mercer Island?
Yes, you can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Washington law does not allow the lender to take your home as long as you meet these obligations. If you move out or sell the home, the loan must be repaid.
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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 Washington.