A reverse mortgage specialist in Rome, Georgia can help homeowners aged 62 and older access home equity without monthly payments. Georgia law requires borrowers to complete HUD approved counseling before applying. Local specialists understand the unique housing market in Floyd County and can guide you through the process.
What Does a Reverse Mortgage Specialist in Rome Cost?
Typical costs for a reverse mortgage 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 appraisal fees of 400 to 600 dollars. Closing costs generally range from 2,000 to 5,000 dollars. These costs can be financed into the loan. This information is general 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.
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