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 Tukwila, 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.
Guidance Residential LLC
16400 Southcenter Pkwy #400, Tukwila, WA 98188
2064556755
Eric Aasness
16040 Christensen Rd Suite 315, Tukwila, WA 98188
2065760921
Paola Kendall
16040 Christensen Rd Suite 315, Tukwila, WA 98188
2532684002
Kiel Mortgage
16040 Christensen Rd Suite 315, Tukwila, WA 98188
8887785435
Nancy Watt: Reverse Mortgage Loan Officer at Kiel Mortgage
16040 Christensen Rd Suite 31, Tukwila, WA 98188
2538937137
Ryan Kneadler
16040 Christensen Rd Suite 315, Tukwila, WA 98188
2065760939
Chase Mortgage
359 Strander Blvd, Tukwila, WA 98188
2064617025
What Does a Reverse Mortgage Specialist in Tukwila Cost?
Typical costs for a reverse mortgage specialist in Washington include an origination fee of up to 2 percent of the home value (capped at 6 thousand dollars), a mortgage insurance premium of 2 percent of the appraised value, and third-party costs like appraisal and title fees. Total closing costs often range from 5 thousand to 15 thousand 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 does a reverse mortgage specialist in Tukwila do?
A reverse mortgage specialist guides you through the process of getting a Home Equity Conversion Mortgage (HECM). They explain eligibility, loan terms, and repayment options. They also help you understand Washington state counseling requirements.
Do I need counseling for a reverse mortgage in Washington?
Yes, Washington state law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur before you submit your loan application. The counselor will explain the costs, risks, and alternatives.
What are the age requirements for a reverse mortgage in Tukwila?
You must be at least 62 years old to qualify for a reverse mortgage. All borrowers on the title must meet this age requirement. The home must also be your primary residence.