Reverse Mortgage Specialists in Kailua-Kona, HI
Compare reverse mortgage specialists in Kailua-Kona. 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 17 reverse mortgage specialists in Kailua-Kona, 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.
A reverse mortgage specialist in Kailua-Kona helps older homeowners access home equity without monthly payments. Hawaii law requires mandatory counseling for all reverse mortgage applicants. Specialists guide clients through Federal Housing Administration rules and local property tax considerations unique to the Big Island.
What Does a Reverse Mortgage Specialist in Kailua-Kona Cost?
Typical costs for a reverse mortgage specialist in Hawaii include origination fees of up to 2 percent of the home value and a mortgage insurance premium of 2 percent upfront. Third party costs like appraisal title and recording fees range from 2000 to 5000 dollars. Counseling fees are usually 125 to 150 dollars. Costs vary by loan amount and lender. 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 does a reverse mortgage specialist do in Kailua-Kona?
A specialist explains loan terms eligibility and repayment rules. They help you compare lenders and understand Hawaii specific requirements like the three day rescission period. They do not provide legal advice but can coordinate with your attorney.
Are reverse mortgages regulated differently in Hawaii?
Yes Hawaii has specific laws. Lenders must provide a disclosure statement and borrowers have a three day right to cancel. Hawaii also requires that you attend a HUD approved counseling session before you can close the loan.
What are the age and property requirements for a reverse mortgage in Kailua-Kona?
You must be at least 62 years old. The property must be your primary residence and can be a single family home a condo or a FHA approved manufactured home. The home must meet FHA minimum property standards.
Reverse Mortgage Specialists in Other Hawaii Cities
Aiea · Ewa Beach · Hilo · Honolulu · Kahului · Kailua · Kapolei · Kihei · Lahaina · Lihue · Mililani · Wailuku · Waipahu