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 7 reverse mortgage specialists in Johns Creek, 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.
Johns Creek Mortgage LLC
6455 E Johns Crossing Suite 350, Johns Creek, GA 30097
6786320080
Excel Residential Mortgage
11340 Lakefield Dr, Johns Creek, GA 30097
6788315432
Mountain Peak Mortgage, Inc. - Pete Brown
5805 State Bridge Rd Suite G107, Johns Creek, GA 30097
4049646880
Justin Perez at Guaranteed Rate Affinity (NMLS #926752)
11035 Medlock Bridge Rd Ste 70, Johns Creek, GA 30097
6787359041
Moriah Stewart at Guaranteed Rate Affinity (NMLS #2333905)
11035 Medlock Bridge Rd Ste 70, Johns Creek, GA 30097
4042930642
Dan Park Mortgage- Johns Creek
11340 Lakefield Dr Suite # 200, Johns Creek, GA 30097
6786272280
Giving Tree Lending - Georgia Branch
11340 Lakefield Dr Suite # 200, Johns Creek, GA 30097
2138102091
What Does a Reverse Mortgage Specialist in Johns Creek Cost?
Typical costs for a reverse mortgage in Georgia include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party fees such as appraisal and title search totaling $500 to $1,500. Closing costs generally range from $2,000 to $8,000 depending on the loan amount and property value. 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 Johns Creek Georgia?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet FHA property standards. Georgia law requires that borrowers receive counseling from a HUD-approved agency before the loan can proceed.
How does a reverse mortgage affect my heirs in Georgia?
Heirs can keep the home by paying off the loan balance, which is the lesser of the appraised value or the loan amount. If they sell the home, any remaining equity after loan repayment goes to the estate. Georgia does not have a state estate tax that would apply to this situation.
Are reverse mortgage proceeds taxable in Georgia?
Loan proceeds from a reverse mortgage are not considered income for federal or Georgia state tax purposes. However, interest on the loan is not deductible until the loan is repaid. Consult a tax professional for your specific situation.