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 Iowa before hiring.
Showing 17 reverse mortgage specialists in Ankeny, IA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Rate
1517 N Ankeny Blvd A, Ankeny, IA 50023
5159715606
Steve SchraderBachar at Rate (NMLS #400491)
1517 N Ankeny Blvd A, Ankeny, IA 50023
5153605197
Kristy Morrissey at Rate (NMLS #51625)
1517 N Ankeny Blvd A, Ankeny, IA 50023
5159715606
Fairway Independent Mortgage Corporation
1631 SW Main St Suite 203, Ankeny, IA 50023
5152937710
Gary Presnall - Mortgage Lender - Northwest Bank
1005 SW Oralabor Rd, Ankeny, IA 50023
5159635040
Deric Kidd
2665 SE Oak Tree Ct #103, Ankeny, IA 50021
5153485317
Mike Rector Mortgage
3607 NE Otter View Cir suite 201, Ankeny, IA 50021
6416510397
Jenn Oliver - Lincoln Savings Bank - Ankeny
1375 SW State St, Ankeny, IA 50023
5155089581
Lisa Steinkamp at Home Services Lending - Urbandale
1802 SE Delaware Ave, Ankeny, IA 50021
5154806699
One Source Mortgage
611 NE Mission Ct, Ankeny, IA 50021
5157712449
Sam Yoder Mortgage Team
107 E 1st St, Ankeny, IA 50021
5156351011
Jason Larson-Mortgage Lender
1200 SW State St Suite E, Ankeny, IA 50023
5155546177
DHI Mortgage
1850 SW Plaza Shops Ln Suite E, Ankeny, IA 50023
5154612905
Rita Hilbert-U.S. Bank Mortgage
305 S Ankeny Blvd, Ankeny, IA 50023
5159648804
Mark DouBrava - Mortgage Loan Officer
2180 N Ankeny Blvd, Ankeny, IA 50023
5152612050
Compass Mortgage Inc.
1610 SW Main St #207, Ankeny, IA 50023
5154008990
Bullseye Mortgage, LLC
3607 NE Otter View Cir Suite 102, Ankeny, IA 50021
5153955602
What Does a Reverse Mortgage Specialist in Ankeny Cost?
Typical costs for a reverse mortgage specialist in Iowa 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 third-party fees such as appraisal (400 to 600 dollars) and title search (300 to 500 dollars). Closing costs usually range from 2,000 to 5,000 dollars. These fees can be 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 eligibility requirements for a reverse mortgage in Ankeny Iowa?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Iowa law does not impose additional state-specific age or income limits beyond federal HECM rules.
Do I need counseling before getting a reverse mortgage in Iowa?
Yes. Iowa law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session explains loan terms, costs, and alternatives. The counselor must be independent from the lender, and the session can be done in person or by phone.
How does a reverse mortgage affect my heirs in Iowa?
Heirs can keep the home by paying off the loan balance or 95 percent of the home appraised value, whichever is less. If they sell the home, any remaining equity goes to them. Iowa has no state inheritance tax on reverse mortgage proceeds.