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 West Virginia before hiring.
Showing 9 reverse mortgage specialists in Bridgeport, WV
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Bankers Life
600 Marketplace Ave Ste 108, Bridgeport, WV 26330
3043679130
Truist
405 W Main St, Bridgeport, WV 26330
3048426277
Good Life Financial Advisors of West Virginia
16 Sterling Dr #203, Bridgeport, WV 26330
3046932224
Northwestern Mutual - Bridgeport WV
99 Cambridge Pl, Bridgeport, WV 26330
3046245400
Merrill Lynch Wealth Management
2000 Jerry Dove Dr, Bridgeport, WV 26330
3048481000
Farm Credit of the Virginias
527 E Main St #104, Bridgeport, WV 26330
3046245551
First Greene Mortgage
3000 Jerry Dove Dr, Bridgeport, WV 26330
3048489960
Chase Home Lending
1507 Johnson Ave, Bridgeport, WV 26330
7603104386
Marcia Blount - WesBanco Mortgage Lending Officer
1130 Johnson Ave, Bridgeport, WV 26330
3049057336
What Does a Reverse Mortgage Specialist in Bridgeport Cost?
Typical costs for a reverse mortgage in West Virginia 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 title search and recording. Total closing costs often range from 5 000 to 10 000 for a 200 000 home. These costs are usually financed into the loan so you pay little upfront. This is general information 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 Bridgeport West Virginia?
Borrowers must be at least 62 years old. The non-borrowing spouse may be younger but must meet certain HUD rules to remain in the home after the borrowing spouse passes away.
Do I need counseling before getting a reverse mortgage in West Virginia?
Yes, West Virginia law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives to ensure you understand the commitment.
Can I lose my home with a reverse mortgage in Bridgeport?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. You must also continue living in the home as your primary residence. Foreclosure is possible if these obligations are not met.