Find Reverse Mortgage Specialists in DeLand, FL
Looking for a reverse mortgage specialist in DeLand? 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 Florida before hiring.
Showing 6 reverse mortgage specialists in DeLand, 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 DeLand Cost?
Typical costs for a reverse mortgage in Florida include an origination fee up to 2 percent of the home value an upfront mortgage insurance premium of 2 percent of the appraised value and third-party closing costs like appraisal title and recording fees. Total costs often range from 2,000 to 6,000 depending on home value and loan type. Florida law does not cap these fees but requires full disclosure in the Total Annual Loan Cost TALC disclosure. 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 DeLand Florida?
Borrowers must be at least 62 years old. If married and one spouse is under 62 that spouse may still be protected under Florida law if the loan is taken in both names. The younger spouse must meet all other eligibility criteria.
Do I need counseling before getting a reverse mortgage in Florida?
Yes Florida law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying. This session covers loan terms costs and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in DeLand?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Florida law gives you a 12-month cure period after a default notice to catch up on missed payments or taxes before foreclosure starts.