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 Arizona before hiring.
Showing 5 reverse mortgage specialists in Surprise, 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.
Arnaiz Mortgage
15331 W Bell Rd #212, Surprise, AZ 85374
6238064645
Radiant Financial Group LLC
Next to Vogue, 15411 W Waddell Rd Ste 107, Surprise, AZ 85379
6235847784
David Mangiapane - Mortgage Advisor - Radiant Financial Group LLC
15411 W Waddell Rd Ste 107, Surprise, AZ 85379
6233418497
Wikoff Mortgage
14245 W Grand Ave Suite 2, Surprise, AZ 85374
6233085385
James Prigge - Radiant Financial Group
15411 W Waddell Rd Ste 107, Surprise, AZ 85379
6239102979
What Does a Reverse Mortgage Specialist in Surprise Cost?
Typical costs for a reverse mortgage in Arizona include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront and 0.5 percent annually, and third-party fees for appraisal title and recording. Total closing costs often range from 5,000 to 10,000 but vary by 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 Surprise Arizona?
Borrowers must be at least 62 years old. If married and the younger spouse is under 62, a non-borrowing spouse option may apply under Arizona law. The home must be the primary residence.
Are reverse mortgages regulated differently in Arizona?
Yes Arizona requires a mandatory three-day right of rescission after closing. Lenders must also provide a list of approved counselors. The state follows federal HUD guidelines for FHA-insured Home Equity Conversion Mortgages.
What property types qualify for a reverse mortgage in Surprise?
Single-family homes, FHA-approved condos, and manufactured homes on permanent foundations qualify. The property must be in good condition and pass an FHA appraisal. Arizona does not allow reverse mortgages on cooperatives or mobile homes not on owned land.