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 4 reverse mortgage specialists in Marion, 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.
Eastern Iowa Financial Group
309 7th Ave Suite 2, Marion, IA 52302
3193772001
TrueWealth Stewardship
888 10th St #101, Marion, IA 52302
3193734124
US Bank Mortgage
895 31st St, Marion, IA 52302
8008722657
Universal Lending Corp. - Kirk Woltman
642 10th St #101, Marion, IA 52302
3193938338
What Does a Reverse Mortgage Specialist in Marion 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. Total closing costs often range from 3,000 to 8,000 dollars. These costs are usually 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 Marion Iowa?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. Iowa does not have additional state age restrictions 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 must occur before you can apply for a reverse mortgage. The counselor explains loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Marion Iowa?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Iowa law does not provide additional protections beyond federal rules. You must keep the home as your primary residence.