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Compare Reverse Mortgage Specialists in Royal Palm Beach, FL
Directory of reverse mortgage specialists in Royal Palm Beach, Florida. Verify credentials with the state mortgage licensing authority before hiring.
4 agents listed
Updated May 2026
Royal 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 4 reverse mortgage specialists in Royal 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.
Renaissance Home Loans
10205 Southern Blvd, Royal Palm Beach, FL 33411
8887535057
Brandon & Melinda Niemela - One Stop Mortgage
685 Royal Palm Beach Blvd STE 105, Royal Palm Beach, FL 33411
5617634707
Simon Covarrubias 1st Mortgage Solution
420 S State Rd 7 Ste 100, Royal Palm Beach, FL 33414
9095460745
Lucas Miles with One Stop Mortgage
685 Royal Palm Beach Blvd STE 105, Royal Palm Beach, FL 33411
9546122111
A reverse mortgage specialist in Royal Palm Beach Florida helps homeowners aged 62 and older convert part of their home equity into tax-free funds without selling their home. Florida law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage. Local specialists understand Palm Beach County property values and can explain how a reverse mortgage affects your estate and heirs.
What Does a Reverse Mortgage Specialist in Royal Palm Beach Cost?
Typical costs for a reverse mortgage in Florida include an origination fee up to 2 percent of the home value capped at 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal title and recording which total 1500 to 3000 dollars. Annual servicing fees are usually 30 to 35 dollars per month. All costs are paid from loan proceeds or 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 qualifications does a reverse mortgage specialist need in Florida?
In Florida a reverse mortgage specialist must hold a valid mortgage loan originator license through the NMLS. They must also follow federal HUD rules for HECM loans and cannot make misleading claims about loan terms or costs.
How long does the reverse mortgage process take in Royal Palm Beach?
The process typically takes 30 to 45 days from application to closing. Florida law mandates a 3-day right of rescission after closing which gives you time to cancel the loan without penalty.
Are there any Florida-specific protections for reverse mortgage borrowers?
Yes Florida Statute 497.555 requires lenders to provide a list of at least 10 HUD-approved counseling agencies. Borrowers must also receive a written disclosure about loan costs and the non-recourse feature which protects heirs from owing 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.