ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Looking for a reverse mortgage specialist in Steilacoom? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Steilacoom, 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 2 reverse mortgage specialists in Steilacoom, 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.
Hung le mortgage
1408 Starling St, Steilacoom, WA 98388
2533896186
Robb McGee
1603 Lafayette St, Steilacoom, WA 98388
8446926227
A reverse mortgage specialist in Steilacoom, Washington helps homeowners aged 62 and older access home equity without monthly payments. Washington state law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Steilacoom residents can use these funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Steilacoom Cost?
Typical costs for a reverse mortgage in Washington include an origination fee (up to $6,000), mortgage insurance premium (2% of home value upfront plus 0.5% annually), appraisal fee ($400 to $800), and closing costs ($1,500 to $3,000). Total costs often range from $8,000 to $15,000 but can vary based 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 Steilacoom?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed as a borrower. Washington state follows federal HUD guidelines for age eligibility.
Do I need to own my home free and clear to qualify?
No, you can have an existing mortgage. The reverse mortgage must pay off any current liens first. Washington law requires that the home be your primary residence and meet HUD property standards.
What counseling is required before getting a reverse mortgage in Washington?
Washington state requires all borrowers to complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives. The counselor must be independent of the lender.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Steilacoom who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.