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Compare Reverse Mortgage Specialists in Newberry, FL
Browse reverse mortgage specialists serving Newberry, Florida. Contact information and addresses listed below.
5 agents listed
Updated May 2026
Newberry, FL
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 Florida before hiring.
Showing 5 reverse mortgage specialists in Newberry, 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.
HMA Mortgage
414 SW 140th Terrace, Newberry, FL 32669
3522049600
Mike Jones - Ameris Bank Mortgage
12921 SW 1st Rd Suite 119, Newberry, FL 32669
3522150501
Whiteaker Mortgage Team at HMA Mortgage
414 SW 140th Terrace, Newberry, FL 32669
3522049600
Becky Bessinger - Ameris Bank Mortgage
12921 SW 1st Ave suite 119, Newberry, FL 32669
3524943556
Rick Herring, Sr. Mortgage Loan Officer
414 SW 140th Terrace, Newberry, FL 32669
3527451771
Reverse mortgage specialists in Newberry, Florida help homeowners aged 62 and older access home equity without monthly payments. Florida law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists guide clients through the process, including Florida-specific property tax and insurance requirements.
What Does a Reverse Mortgage Specialist in Newberry Cost?
Typical costs for a reverse mortgage in Florida include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront plus 0.5 percent annually, and third-party fees like appraisal and title search. Total closing costs often range from 2,000 to 8,000 dollars. Costs vary by lender and loan amount. 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 is the minimum age for a reverse mortgage in Newberry Florida?
The minimum age is 62 for all borrowers listed on the title. Florida follows federal HECM rules, so at least one borrower must be 62 or older. Younger spouses may qualify for deferred repayment options under Florida law.
Do I need to own my home free and clear to get a reverse mortgage in Newberry?
No, you do not need to own the home free and clear. You must have significant equity, typically at least 50 percent. Any existing mortgage must be paid off with the reverse mortgage proceeds.
What happens to the reverse mortgage when I move out of Newberry or pass away?
The loan becomes due when the last borrower permanently leaves the home or dies. Heirs have 30 days under Florida law to decide to sell the home or pay off the loan. They cannot owe more than the home is worth.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Florida.