Compare Reverse Mortgage Specialists in Plantation, FL
Directory of reverse mortgage specialists in Plantation, 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 14 reverse mortgage specialists in Plantation, 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 Plantation 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 of the appraised value and third-party fees for appraisal title and recording. Total closing costs often range from 3000 to 8000 depending on the home value and lender. Florida does not cap these fees. 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 age and equity requirements for a reverse mortgage in Plantation Florida?
Borrowers must be at least 62 years old. The home must be your primary residence and you must have significant equity. Florida law does not set a minimum equity percentage but lenders typically require at least 50 percent equity.
Do I need to attend counseling for a reverse mortgage in Florida?
Yes. Florida law and federal rules require all borrowers to complete a counseling session with a HUD-approved counselor before the loan can proceed. The session covers loan terms costs and alternatives. You can find counselors in Plantation or online.
Can I lose my home with a reverse mortgage in Plantation?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Florida law does not provide extra protections beyond federal rules. You must keep the home as your primary residence to avoid default.