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 Florida before hiring.
Showing 5 reverse mortgage specialists in DeBary, 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.
Smarthouse Lending
363 Spruce Pine Dr, DeBary, FL 32713
8133803081
Kristin Eck - NextMortgage
9 Dogwood Trail Ste B, DeBary, FL 32713
4076171874
The Mortgage Firm - West Volusia
138 S Charles Richard Beall Blvd, DeBary, FL 32713
3865166091
Home Loans of Florida, LLC
98 S Charles Richard Beall Blvd, DeBary, FL 32713
3867038920
PRMG
10 Dogwood Trail, DeBary, FL 32713
4074401444
What Does a Reverse Mortgage Specialist in DeBary Cost?
Typical costs for a reverse mortgage in Florida include an origination fee up to $6,000 an appraisal fee of $400 to $800 and third-party closing costs of $1,500 to $3,000. The upfront mortgage insurance premium is 2% of the home value. Annual servicing fees average $30 to $50 per month. These costs are usually financed into the loan. 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 DeBary Florida?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 unless a deferral option applies. Florida law follows federal HUD guidelines for age eligibility.
Do I need counseling to get a reverse mortgage in Florida?
Yes Florida law requires all borrowers to complete a counseling session with a HUD-approved agency. The session explains loan terms costs and alternatives. You can find counselors online through the HUD website.
Can I lose my home with a reverse mortgage in DeBary?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Florida law allows lenders to foreclose after a 12-month default period. Always keep up with these obligations to stay in your home.