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 Newport, 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.
Andy Dowdy and Tyler Beard - UMortgage Midwest
300 Dave Cowens Dr Ste 502, Newport, KY 41071
5135000689
Holly Matthews, Finance of America Mortgage LLC
515 Monmouth St Suite 301, Newport, KY 41071
5132279983
Mortgage Loans - Newport
646 Monmouth St, Newport, KY 41071
8443841714
What Does a Reverse Mortgage Specialist in Newport Cost?
Typical costs for a reverse mortgage specialist in Kentucky include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront plus 0.5 percent annually, and third-party fees for appraisal, title search, and recording. Total closing costs often range from 2,000 to 5,000 dollars. Costs vary by loan amount and lender. 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 does a reverse mortgage specialist do in Newport Kentucky?
A reverse mortgage specialist explains loan options, helps you apply, and coordinates with a HUD-approved counselor. They ensure you understand the terms, fees, and repayment rules. In Kentucky, the specialist must follow federal HECM guidelines and state consumer protection laws.
What are the age and property requirements for a reverse mortgage in Kentucky?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet FHA standards. In Kentucky, condos and manufactured homes may qualify if they meet specific HUD requirements.