Find Reverse Mortgage Specialists Near You in Coral Gables, FL
Compare reverse mortgage specialists in Coral Gables. Review contact information and insurance categorys before you decide.
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 12 reverse mortgage specialists in Coral Gables, FL
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What Does a Reverse Mortgage Specialist in Coral Gables Cost?
Typical costs for a reverse mortgage in Florida 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 fees such as appraisal (400 to 700 dollars) and title search (500 to 1 thousand dollars). Closing costs usually range from 2 thousand to 5 thousand dollars. 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 qualifications must a reverse mortgage specialist have in Florida?
In Florida a reverse mortgage specialist must hold a valid mortgage loan originator license through the Florida Office of Financial Regulation. They must also complete annual continuing education on reverse mortgage rules and federal HECM guidelines.
Are there specific Florida laws that protect reverse mortgage borrowers?
Yes Florida Statute 494.00724 requires lenders to provide a written list of at least 10 approved housing counseling agencies before a borrower can apply. Borrowers must also complete a counseling session with a HUD-approved counselor.