Compare Reverse Mortgage Specialists in Honolulu, HI
Compare reverse mortgage specialists in Honolulu. Review contact information and insurance categorys before you decide.
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 Hawaii before hiring.
Showing 20 reverse mortgage specialists in Honolulu, HI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a Reverse Mortgage Specialist in Honolulu Cost?
Typical costs for a reverse mortgage in Honolulu include an origination fee up to $6,000, a mortgage insurance premium of 2% of the appraised value, and third party fees for appraisal title and escrow. Total closing costs often range from $10,000 to $20,000 depending on home value and lender. These costs are usually 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 Honolulu?
Borrowers must be at least 62 years old. For a couple both spouses must be 62 or older to be on the loan. Non borrowing spouses have certain protections under HUD rules.
How do high Honolulu property values affect reverse mortgage limits?
Hawaii has some of the highest home values in the US. The maximum claim amount for a HECM loan in 2024 is $1,149,825. This cap limits how much equity can be accessed even if a home is worth more.
Is reverse mortgage counseling required in Hawaii?
Yes federal law and Hawaii state law require a counseling session with a HUD approved counselor. The session must be completed before the loan application is submitted. Counselors discuss costs alternatives and obligations.
Reverse Mortgage Specialists in Other Hawaii Cities
Aiea · Ewa Beach · Hilo · Kahului · Kailua · Kailua-Kona · Kapolei · Kihei · Lahaina · Lihue · Mililani · Wailuku · Waipahu