Find Reverse Mortgage Specialists in Prescott Valley, AZ
Looking for a reverse mortgage specialist in Prescott Valley? Review the directory below to compare your options.
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
State Mortgage Licensing Authority of Arizona before hiring.
Showing 2 reverse mortgage specialists in Prescott Valley, AZ
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a Reverse Mortgage Specialist in Prescott Valley Cost?
Typical costs for a reverse mortgage in Arizona include an origination fee (up to $6,000), mortgage insurance premium (2% of the home value upfront plus 0.5% annually), appraisal fee ($400 to $800), and closing costs ($2,000 to $4,000). Total costs often range from $8,000 to $15,000, but can vary based on loan amount and lender. 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 Prescott Valley?
Borrowers must be at least 62 years old. All co-borrowers on the title must meet this age requirement under federal HECM rules.
Is counseling required before getting a reverse mortgage in Arizona?
Yes, Arizona law mandates that all borrowers complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Prescott Valley?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Arizona law allows lenders to foreclose if these obligations are not met.