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 7 reverse mortgage specialists in Sumner, 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.
Team Quinney, CMG Financial Lender Sumner Mortgage Broker
808 Traffic Ave #201, Sumner, WA 98390
2532593963
Guild Mortgage - Rebecca Landro
921 Kincaid Ave, Sumner, WA 98390
2537407174
Guild Mortgage - Deandre Coulter
921 Kincaid Ave, Sumner, WA 98390
2063901216
Guild Mortgage - Lucero Lopez
921 Kincaid Ave, Sumner, WA 98390
2534525221
Perfect Fit Loans Mortgage Brokers in United States
1230 Fryar Ave Suit B, Sumner, WA 98390
2533524622
Austin Spanier - Loan Officer Revolution Mortgage
15306 Main St E Suite B, Office 6, Sumner, WA 98390
2535089083
Denise Powell NMLS #2035431
1230 Fryar Ave Suit B, Sumner, WA 98390
7608488946
What Does a Reverse Mortgage Specialist in Sumner Cost?
Typical costs for a reverse mortgage 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 appraisal fees ranging from 400 to 800 dollars. Closing costs usually total 2,000 to 5,000 dollars. These costs are often 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 is the age requirement for a reverse mortgage in Sumner Washington?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Washington state law does not change this federal rule.
Do I need counseling before getting a reverse mortgage in Washington?
Yes, Washington requires all reverse mortgage applicants to complete counseling with a HUD-approved counselor. This session covers loan costs, repayment terms, and alternatives. The counselor must be independent from the lender.
Are reverse mortgage proceeds taxable in Washington state?
No, reverse mortgage proceeds are not considered income for federal or Washington state tax purposes. However, interest on the loan is not deductible until the loan is repaid. Consult a tax professional for your specific situation.