Find Reverse Mortgage Specialists Near You in Kennesaw, GA
Directory of reverse mortgage specialists in Kennesaw, Georgia. Verify credentials with the state state mortgage licensing authority before hiring.
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
State Mortgage Licensing Authority of Georgia before hiring.
Showing 16 reverse mortgage specialists in Kennesaw, GA
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A reverse mortgage specialist in Kennesaw, Georgia helps homeowners aged 62 and older convert home equity into tax-free funds. Georgia law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage. Kennesaw residents often use these loans to supplement retirement income or pay for home repairs.
What Does a Reverse Mortgage Specialist in Kennesaw Cost?
In Georgia, reverse mortgage costs include an origination fee capped at 2 percent of the first 200,000 dollars of home value plus 1 percent of any amount above that. The upfront mortgage insurance premium is 2 percent of the appraised value. Third-party fees for appraisal, credit report, and title search typically add 500 to 1,500 dollars. Annual mortgage insurance premiums are 0.5 percent of the loan balance. These costs vary by lender and loan type. 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 eligibility requirements for a reverse mortgage in Kennesaw 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 does not add extra age or income requirements beyond federal rules.
Is reverse mortgage counseling required in Georgia?
Yes, Georgia law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must happen before the loan application is submitted. The counselor explains loan terms, costs, and alternatives.
How much does a reverse mortgage cost in Kennesaw Georgia?
Typical costs 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 for appraisal and title work. Total upfront costs often range from 2,000 to 6,000 dollars. These costs can be financed into the loan.