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Compare Reverse Mortgage Specialists in Terre Haute, IN
Browse reverse mortgage specialists serving Terre Haute, Indiana. Contact information and addresses listed below.
18 agents listed
Updated May 2026
Terre Haute, IN
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 18 reverse mortgage specialists in Terre Haute, 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.
PrimeLending, A PlainsCapital Company - Terre Haute
400 Wabash Ave #115, Terre Haute, IN 47807
8125148189
The Mortgage Exchange - Daniel
1096 Ohio St, Terre Haute, IN 47807
8122499990
Love Financial Services Inc
2940 S 7th St, Terre Haute, IN 47802
8122389210
The Volkers Group
2335 E Margaret Dr, Terre Haute, IN 47802
8122325822
Life Mortgage Group
2920 S 7th St, Terre Haute, IN 47802
8122350393
Hard Money Lenders Terre Haute IN
1318 Ohio St, Terre Haute, IN 47807
9302018957
The Mortgage Exchange - Terre Haute
1084 Ohio St, Terre Haute, IN 47807
7655051751
First Financial Mortgage Lending
1 1st Financial Plz, Terre Haute, IN 47807
8122386311
Commercial Lending
1 1st Financial Plz, Terre Haute, IN 47807
8122386255
A reverse mortgage specialist in Terre Haute Indiana helps older homeowners access home equity without monthly payments. Indiana law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage or HECM. This service is especially useful for retirees in Vigo County who want to supplement income or cover home repairs.
What Does a Reverse Mortgage Specialist in Terre Haute Cost?
Typical costs for a reverse mortgage specialist in Indiana include an origination fee of up to 6000 or 2 percent of the home value whichever is less. Third-party fees such as appraisal title insurance and recording fees usually range from 1000 to 3000. Indiana also charges a mortgage recording tax of about 0.50 per 100 of the loan amount. These costs are often financed into the loan. This is general information 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.
Frequently Asked Questions
What are the eligibility requirements for a reverse mortgage in Terre Haute Indiana?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet HUD property standards. Indiana also requires a financial assessment to ensure you can pay taxes and insurance.
How much can I borrow with a reverse mortgage in Terre Haute?
The amount depends on your age the appraised home value and current interest rates. In Terre Haute where median home values are around 130000 you might qualify for 40 to 60 percent of the home value. Older borrowers typically get higher loan amounts.
Are reverse mortgage proceeds taxable in Indiana?
No reverse mortgage proceeds are not considered income for federal or Indiana state tax purposes. They are loan advances and are tax-free. However interest on the loan is not deductible until you pay it back.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Indiana.