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Find Reverse Mortgage Specialists Near You in Cold Spring, KY
Browse reverse mortgage specialists serving Cold Spring, Kentucky. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Cold Spring, KY
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 Kentucky before hiring.
Showing 3 reverse mortgage specialists in Cold Spring, KY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Prost Mortgage Group
4135 Alexandria Pike SUITE 105, Cold Spring, KY 41076
8597951316
OneMain Financial
26 Martha Layne Collins Blvd, Cold Spring, KY 41076
8597819944
Brian Schalk Mortgage Loan Officer
4135 Alexandria Pike SUITE 105, Cold Spring, KY 41076
8593094900
A reverse mortgage specialist in Cold Spring, Kentucky helps homeowners aged 62 and older convert home equity into loan proceeds. Kentucky law requires borrowers to complete HUD approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists in Cold Spring can guide you through this process and explain how the loan affects your property taxes and estate.
What Does a Reverse Mortgage Specialist in Cold Spring Cost?
Typical costs for a reverse mortgage in Kentucky include an origination fee 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. These costs total between 2,000 and 8,000 dollars depending on the home value. Costs are usually financed into the loan rather than paid upfront. 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 Cold Spring Kentucky?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Kentucky does not have additional state specific eligibility rules beyond federal requirements.
Do I have to pay Kentucky state income tax on reverse mortgage proceeds?
No, reverse mortgage proceeds are considered loan advances not income. They are not subject to Kentucky state income tax. However, you must still pay property taxes and homeowners insurance on the home.
Can a reverse mortgage affect my Kentucky homestead exemption or property taxes?
Yes, a reverse mortgage does not change your ownership status, so you may still qualify for the Kentucky homestead exemption for seniors. However, you must continue to pay property taxes. Failure to pay taxes can lead to foreclosure.
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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 Kentucky.