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 2 reverse mortgage specialists in Winter Springs, 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.
That Mortgage Guy Don @ HAPPY HOME MORTGAGE LLC
1401 Town Plaza Ct #2030a, Winter Springs, FL 32708
9412206741
Jon Smith at Guaranteed Rate Affinity (NMLS #196479)
5965 Red Bug Lake Rd Unit 101, Winter Springs, FL 32708
4072047722
What Does a Reverse Mortgage Specialist in Winter Springs 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 of the appraised value, and third-party fees such as appraisal and title search. These fees often range from 2000 to 6000 dollars depending on the loan amount. Costs vary by situation. 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 are the age requirements for a reverse mortgage in Winter Springs Florida?
You must be at least 62 years old to qualify for a reverse mortgage in Florida. All borrowers listed on the title must meet this age requirement.
Do I need counseling before getting a reverse mortgage in Florida?
Yes, Florida law requires you to complete counseling with a HUD-approved agency before you can close on a reverse mortgage. The counselor will explain the loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Winter Springs?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Florida law requires lenders to verify your ability to meet these obligations before approving the loan.