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Looking for a reverse mortgage specialist in Port Orchard? Review the directory below to compare your options.
6 agents listed
Updated May 2026
Port Orchard, 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 6 reverse mortgage specialists in Port Orchard, 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.
Donna Miller, Movement Mortgage NMLS 93854
2465 Bethel Rd SE Suite 201, Port Orchard, WA 98366
3608740451
Riley Chase -Movement Mortgage NMLS#405718
2465 Bethel Ave Suite 201, Port Orchard, WA 98366
3607102089
Movement Mortgage: Chris Garcia
2465 Bethel Rd SE Suite 201, Port Orchard, WA 98366
3606493742
Barbara Masters
1551 SE Piperberry Way Suite 151, Port Orchard, WA 98366
3606212644
US Bank Mortgage
Port Orchard, WA 98366
8008722657
Windermere Mortgage Services
1200 Bethel Ave, Port Orchard, WA 98366
3608747731
A reverse mortgage specialist in Port Orchard Washington helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Washington State requires lenders to provide counseling from a HUD-approved agency before closing. Port Orchard residents benefit from Kitsap County property values and local senior resources.
What Does a Reverse Mortgage Specialist in Port Orchard Cost?
Typical costs for a reverse mortgage in Washington include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value at closing, and ongoing annual premiums of 0.5 percent. Third-party costs such as appraisal title and recording fees range from 500 to 2000 dollars. Total closing costs often fall between 3000 and 8000 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 Port Orchard 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 FHA property standards. Washington law also requires you to complete a counseling session with a HUD-approved counselor.
How does a reverse mortgage affect my heirs in Washington State?
Heirs can keep the home by paying off the loan balance or selling the home to satisfy the debt. If the sale price is less than the loan amount, FHA insurance covers the difference. Heirs have 30 days after receiving a notice of default to decide, with possible extensions.
Are reverse mortgage proceeds taxable in Washington?
Loan proceeds are not considered income by the IRS or Washington State. They do not affect Social Security or Medicare benefits. However, they may impact Medicaid eligibility if the funds are not spent within the same calendar month.
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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.