Reverse Mortgage Specialists in Miami Beach, FL
Directory of reverse mortgage specialists in Miami Beach, Florida. Verify credentials with the state state mortgage licensing authority before hiring.
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 3 reverse mortgage specialists in Miami Beach, 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 Miami Beach Cost?
Typical costs for a reverse mortgage specialist in Florida include an origination fee of up to 2 percent of the home value and a mortgage insurance premium of 2 percent of the appraised value. Closing costs usually range from 2,000 to 5,000 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 qualifications should a reverse mortgage specialist in Miami Beach have?
Look for a specialist who holds a valid Florida mortgage loan originator license and has completed HUD-approved training. They should also have experience with Florida specific rules like the homestead exemption and property tax deferral programs.
What are the Florida specific requirements for a reverse mortgage?
Florida law requires that all borrowers attend a counseling session with a HUD-approved counselor before applying. The borrower must be at least 62 years old and own the home outright or have a low mortgage balance. Florida also has a 3 day right of rescission after closing.