Reverse Mortgage Specialists in Pembroke Pines, FL
Directory of reverse mortgage specialists in Pembroke Pines, 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 12 reverse mortgage specialists in Pembroke Pines, 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 Pembroke Pines Cost?
Typical costs for a reverse mortgage specialist 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 appraisal fees around 400 to 600 dollars. Closing costs usually range from 2,000 to 5,000 dollars. These costs can be financed into the loan. 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 Pembroke Pines do?
A reverse mortgage specialist guides you through the loan process, explains eligibility, and helps you understand Florida specific rules. They do not provide legal advice but can refer you to a HUD approved counselor.
Are there age requirements for a reverse mortgage in Florida?
Yes, all borrowers must be at least 62 years old. Florida follows federal HUD guidelines for age and occupancy requirements.
How does Florida law affect reverse mortgage proceeds?
Florida law does not tax reverse mortgage proceeds as income. However, you must still pay property taxes and homeowners insurance to avoid default.