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Showing 2 reverse mortgage specialists in Hudson, FL
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Bankers Mortgage of Florida Inc.
7236 State Rd 52 Suite 8, Hudson, FL 34667
7278191950
Professional Mortgage & Loan
12100 Cobble Stone Dr # 1, Hudson, FL 34667
7277333877
What Does a Reverse Mortgage Specialist in Hudson Cost?
Typical costs for a reverse mortgage in Florida include an origination fee up to 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. Closing costs generally range from 2000 to 8000 dollars. These costs can be financed into the loan. 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 are the age requirements for a reverse mortgage in Hudson Florida?
Borrowers must be at least 62 years old. If married, a younger spouse may be a non-borrowing spouse but must meet specific HUD guidelines to remain in the home after the borrowing spouse passes away.
Do I need counseling to get a reverse mortgage in Florida?
Yes, Florida law requires all borrowers to attend 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.
What property types qualify for a reverse mortgage in Hudson?
Qualifying properties include single-family homes, HUD-approved condominiums, and manufactured homes that meet FHA standards. The home must be the borrower's primary residence. Properties in Hudson must also meet local building codes.