Reverse Mortgage Specialists in Brooksville, FL
Browse reverse mortgage specialists serving Brooksville, Florida. Contact information and addresses listed below.
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 Florida before hiring.
Showing 3 reverse mortgage specialists in Brooksville, FL
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 Brooksville Cost?
Typical costs for a reverse mortgage in Florida 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 and recording. These costs usually range from 2000 to 8000 dollars depending on the home value and loan type. Borrowers can finance these costs into the loan so no out of pocket payment is required. 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 Brooksville Florida?
You must be at least 62 years old to qualify for a Home Equity Conversion Mortgage in Florida. All borrowers listed on the title must meet this age requirement. The specialist will verify your age during the application process.
Do I need to own my home free and clear to get a reverse mortgage in Brooksville?
No, you do not need to own your home free and clear. You can still qualify if you have an existing mortgage, but the reverse mortgage must be in a first lien position. The proceeds will first pay off your current mortgage and any other liens.
What Florida specific rules apply to reverse mortgage counseling?
Florida law requires that all reverse mortgage borrowers receive counseling from a HUD approved agency before submitting an application. The counseling must be completed in person or by phone. The specialist cannot proceed without a signed counseling certificate.