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Showing 2 reverse mortgage specialists in Wildwood, FL
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Fidelity Home Group | The Villages FL
4076 E FL-44, Wildwood, FL 34785
3524805800
Florida's Best Reverse Mortgage Company (The Villages/Ocala)
4076 FL-44 Ste 23, Wildwood, FL 34785
3525613324
What Does a Reverse Mortgage Specialist in Wildwood Cost?
Typical costs for a reverse mortgage in Florida include an origination fee of 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 range from 500 to 1500 dollars. Closing costs usually total between 3000 and 8000 dollars depending on the home value and lender. 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 is a reverse mortgage specialist in Wildwood Florida?
A reverse mortgage specialist is a professional who helps seniors understand and apply for reverse mortgages. In Florida they must follow state and federal rules including a mandatory counseling session with a HUD-approved counselor.
What are the Florida requirements for a reverse mortgage?
Florida requires borrowers to be at least 62 years old and own their home outright or have a low mortgage balance. You must also complete a counseling session with a HUD-approved agency and the home must be your primary residence.