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 3 reverse mortgage specialists in Asbury, 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.
THE NOVA GROUP | Keller Williams Legacy Group in Dubuque
5600 Saratoga Rd, Asbury, IA 52002
5635198543
Movement Mortgage Dubuque, Ellen Sinkey Lending Team
5900 Saratoga Rd Suite 4C, Asbury, IA 52002
5638452700
Phil Dodds, Movement Mortgage
5900 Saratoga Rd Suite 4C, Asbury, IA 52002
5638802485
What Does a Reverse Mortgage Specialist in Asbury Cost?
Typical costs for a reverse mortgage in Iowa include an origination fee (up to $6,000), third-party closing costs (around $2,500 to $5,000), and a mortgage insurance premium (2% of the home value upfront plus 0.5% annually). Counseling fees range from $125 to $250. Actual costs vary by loan size and lender. 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 age requirements for a reverse mortgage in Asbury Iowa?
Borrowers must be at least 62 years old. All owners listed on the title must meet this age requirement, and the home must be the primary residence.
Are there income or credit requirements for a reverse mortgage in Iowa?
Lenders review income and credit history to ensure you can pay property taxes and insurance. Iowa does not have state-specific income limits, but the HECM program requires a financial assessment.
Can I lose my home with a reverse mortgage in Asbury?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Iowa law requires lenders to provide a notice of default and a cure period before foreclosure.