Find Reverse Mortgage Specialists in Jacksonville, FL
Compare reverse mortgage specialists in Jacksonville. 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 20 reverse mortgage specialists in Jacksonville, 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 Jacksonville Cost?
Typical costs for a reverse mortgage specialist in Florida include an origination fee of up to 6,000 dollars, an appraisal fee of 400 to 800 dollars, and a counseling fee of about 125 dollars. Closing costs such as title insurance and recording fees can add 2,000 to 5,000 dollars. These costs vary by lender and loan amount. 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 eligibility requirements for a reverse mortgage in Jacksonville Florida?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet HUD property standards. Florida law also requires a mandatory counseling session with a HUD-approved counselor.
How does Florida law affect reverse mortgage proceeds?
Florida does not tax reverse mortgage loan proceeds as income. However, the loan must be repaid when the borrower moves out, sells the home, or passes away. Florida statute 501.137 provides additional consumer protections for reverse mortgage borrowers.
What costs are involved with a reverse mortgage specialist in Jacksonville?
Specialists typically charge origination fees and may receive compensation from the lender. Borrowers also pay for appraisal, title insurance, and counseling fees. Florida law limits origination fees to 2 percent of the first 200,000 dollars of home value plus 1 percent of the amount above that.