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 Georgia before hiring.
Showing 6 reverse mortgage specialists in Decatur, GA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
MooreTeam Mortgage Professionals at Fairway Home Mortgage
104 B & C, Sycamore Pl, Decatur, GA 30030
4043733411
Fairway Independent Mortgage Corporation
104 Sycamore Pl Suites B&C, Decatur, GA 30030
4043733411
Element Home Loans, a Division of NFM Lending
305 E College Ave, Decatur, GA 30030
7706046029
Kim Pounders & Team | Fairway Independent Mortgage Corporation Loan Officer
104 Sycamore Pl Unit B & C, Decatur, GA 30030
4048772727
Sheryl Crawford - Diamond Residential Mortgage Corporation
4319 Covington Hwy Suite 317, Decatur, GA 30035
4042885585
Diamond Residential Mortgage Corporation
4319 Covington Hwy Suite 317, Decatur, GA 30035
4042885585
What Does a Reverse Mortgage Specialist in Decatur Cost?
Typical costs for a reverse mortgage specialist in Georgia 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. Total closing costs often range from 6,000 to 12,000 dollars for a 300,000 dollar home. These costs are usually financed into the loan. 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 eligibility requirements for a reverse mortgage in Decatur Georgia?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet FHA property standards. Georgia law does not add extra age or income requirements beyond federal HUD rules.
How does Georgia law affect reverse mortgage proceeds?
Reverse mortgage proceeds are not considered taxable income in Georgia. They also do not affect Social Security or Medicare benefits. However, proceeds may impact Medicaid eligibility if not spent within the same calendar month.