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Showing 2 reverse mortgage specialists in Deltona, FL
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Jose Alvarado - Mortgage Loan Officer
531 Nardello Dr, Deltona, FL 32725
4077778171
Reverse mortgage my Florida
2016 Golden Arm Rd, Deltona, FL 32738
6783921112
What Does a Reverse Mortgage Specialist in Deltona Cost?
Typical costs for a reverse mortgage specialist in Florida include an origination fee capped at 6000 for homes valued over 125000 and an upfront mortgage insurance premium of 2 percent of the appraised value. Third party fees for appraisal title search and recording usually add 1500 to 3000. Total closing costs often range from 5000 to 15000 but vary by property value and loan program. 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 does a reverse mortgage specialist in Deltona do?
A reverse mortgage specialist guides you through the loan process from initial counseling to closing. They explain Florida specific rules such as the mandatory counseling requirement and how loan proceeds affect property taxes and insurance. They do not provide financial advice but help you understand the loan terms.
Are there age requirements for a reverse mortgage in Florida?
Yes all borrowers must be at least 62 years old. Florida law follows federal HUD guidelines for the Home Equity Conversion Mortgage program. The specialist will verify your age and ensure you meet occupancy requirements for your Deltona home.