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Compare Reverse Mortgage Specialists in North Palm Beach, FL
Looking for a reverse mortgage specialist in North Palm Beach? Review the directory below to compare your options.
3 agents listed
Updated May 2026
North Palm Beach, 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 3 reverse mortgage specialists in North Palm 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.
Christian Penner - America's Mortgage Solutions
712 US-1 #300, North Palm Beach, FL 33408
5613166800
John G. Picone, Jr of JP First Mortgage, Loans & Real Estate Services
749 US-1 STE 207-208, North Palm Beach, FL 33408
8445734778
Phil Hindman | Reverse Mortgage Specialist
712 US-1 #300, North Palm Beach, FL 33408
5613719972
A reverse mortgage specialist in North Palm Beach Florida helps homeowners aged 62 and older access home equity without monthly payments. Florida law requires all reverse mortgage borrowers to complete HUD approved counseling before closing. This type of loan can provide tax free funds for seniors in Palm Beach County.
What Does a Reverse Mortgage Specialist in North Palm Beach Cost?
Typical costs for a reverse mortgage specialist in Florida include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Other costs include appraisal fees around 450 to 600 dollars and HUD counseling fees of 125 to 150 dollars. Closing costs such as title insurance and recording fees add 1500 to 3000 dollars. These amounts vary by lender and property value. 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 North Palm Beach do?
A reverse mortgage specialist guides you through the process of obtaining a Home Equity Conversion Mortgage HECM. They explain eligibility requirements loan options and closing procedures. Florida requires a three day rescission period after signing loan documents.
Do I need to own my home free and clear to qualify in North Palm Beach?
No you do not need to own your home free and clear. You must have substantial equity and the home must be your primary residence. Florida law mandates that the property be a single family home or a condominium approved by the Federal Housing Administration.
Are reverse mortgage proceeds taxable in Florida?
Reverse mortgage proceeds are considered loan advances not income so they are not taxable by the IRS. Florida has no state income tax so there is no state tax on these funds either. However interest on the loan is not deductible until you pay it back.
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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.