Compare Reverse Mortgage Specialists in Evans, GA
Compare reverse mortgage specialists in Evans. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Georgia before hiring.
Showing 16 reverse mortgage specialists in Evans, GA
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A reverse mortgage specialist in Evans Georgia helps homeowners aged 62 and older access home equity without monthly payments. In Georgia, borrowers must complete a HUD-approved counseling session before applying. Evans residents benefit from specialists familiar with local property values and Georgia lien laws.
What Does a Reverse Mortgage Specialist in Evans Cost?
Typical costs for a reverse mortgage specialist in Georgia include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the appraised value, and third-party fees for appraisal and title search. Total closing costs often range from $8,000 to $15,000. These costs 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 are the age requirements for a reverse mortgage in Evans Georgia?
Borrowers must be at least 62 years old. If married, a non-borrowing spouse under 62 may remain in the home after the borrowing spouse passes away, under HUD rules effective in 2014.
Do I need to own my home free and clear to get a reverse mortgage in Evans?
No, but any existing mortgage or lien must be paid off with the reverse mortgage proceeds. Georgia law requires that the home be your primary residence and meet HUD property standards.
How much can I borrow with a reverse mortgage in Evans Georgia?
The amount depends on your age, the appraised home value, and current interest rates. In Georgia, the maximum claim amount for a HECM loan is $1,089,300 as of 2024. Younger borrowers typically receive less.