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 Indiana before hiring.
Showing 6 reverse mortgage specialists in Franklin, IN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Approved Mortgage Corporation
201 E Jefferson St Suite 203, Franklin, IN 46131
3178822255
Fairway Independent Mortgage Corporation
40 W Court St Suite A, Franklin, IN 46131
3174946993
Chase Home Lending
1600 N Morton St, Franklin, IN 46131
3172107296
PNC Mortgage
1500 N Morton St, Franklin, IN 46131
3177383000
Angie M Dewitt | Fairway Independent Mortgage Corporation Loan Officer
40 W Court St Suite A, Franklin, IN 46131
3177963055
Fairway Independent Mortgage Corporation : Keith Collins
40 W Court St Suite A, Franklin, IN 46131
3175881250
What Does a Reverse Mortgage Specialist in Franklin Cost?
Typical costs for a reverse mortgage in Indiana include an origination fee of up to 2 percent of the first 200,000 of home value plus 1 percent of the amount above 200,000, a mortgage insurance premium of 2 percent of the appraised value at closing, and third-party fees such as appraisal and title search. These fees can range from 5,000 to 10,000 or more depending on home value 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 age requirements for a reverse mortgage in Franklin Indiana?
Borrowers must be at least 62 years old. All owners listed on the title must meet this age requirement unless exceptions apply under Indiana law.
Do I need to own my home free and clear to get a reverse mortgage in Franklin?
No, you do not need to own your home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The loan must be the first lien on the property.
What types of homes qualify for a reverse mortgage in Franklin Indiana?
Qualifying properties include single-family homes, FHA-approved condominiums, and manufactured homes that meet HUD standards. Two-to-four unit properties may qualify if the borrower occupies one unit.