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 8 reverse mortgage specialists in Iowa City, 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.
Residential Mortgage Network, Inc.
2507 Highlander Pl, Iowa City, IA 52245
3193547501
Midwestern Financial Group
103 E College St #210, Iowa City, IA 52240
3194991620
U.S. Bank-Mortgage Loan Officer-James Thibodeau
204 E Washington St, Iowa City, IA 52240
3193569022
Luke Prottsman - Financial Advisor, Ameriprise Financial Services, LLC
1580 Mall Dr A, Iowa City, IA 52240
3193372263
Edward Jones - Financial Advisor: Chad L Reimers, AAMS®
1304 Melrose Ave, Iowa City, IA 52246
3193384849
US Bank Mortgage
2312 Mormon Trek Blvd, Iowa City, IA 52246
8008722657
US Bank Mortgage
132 E Washington St, Iowa City, IA 52240
8008722657
Mortgage Loans - Iowa City
429 S Dubuque St, Iowa City, IA 52240
8443841712
What Does a Reverse Mortgage Specialist in Iowa City 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 for appraisal, title search, and recording. For a home valued at 300,000 dollars, total closing costs often range from 8,000 to 15,000 dollars. These costs can be 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 age requirements for a reverse mortgage in Iowa City Iowa?
Borrowers must be at least 62 years old. All owners listed on the title must meet this age requirement unless a non-borrowing spouse exception applies under HUD rules.
Do I need counseling before getting a reverse mortgage in Iowa?
Yes. Iowa law and federal rules require a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives. The counselor must be independent of the lender.