Find Reverse Mortgage Specialists in Pikeville, KY
Browse reverse mortgage specialists serving Pikeville, Kentucky. Contact information and addresses listed below.
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
State Mortgage Licensing Authority of Kentucky before hiring.
Showing 11 reverse mortgage specialists in Pikeville, 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.
What Does a Reverse Mortgage Specialist in Pikeville Cost?
Typical costs for a reverse mortgage in Kentucky include an origination fee of up to 6000 dollars, a mortgage insurance premium of 2 percent of the home value, and third party fees like appraisal and title search. Closing costs usually range from 2000 to 5000 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 is a reverse mortgage specialist in Pikeville Kentucky?
A reverse mortgage specialist is a licensed professional who helps seniors in Pikeville apply for Home Equity Conversion Mortgages. They explain the terms costs and eligibility requirements specific to Kentucky law. They do not provide financial advice but can assist with the application process.
What are the Kentucky specific requirements for a reverse mortgage?
Kentucky requires all borrowers to attend a HUD approved counseling session before applying. The loan must be on a primary residence and the borrower must be at least 62 years old. Kentucky also has laws protecting surviving spouses from foreclosure after the borrowing spouse passes away.
How do I choose a reverse mortgage specialist in Pikeville?
Look for a specialist who is licensed in Kentucky and has experience with HECM loans. Check their credentials with the Kentucky Department of Financial Institutions. You can also ask for references from past clients in the Pikeville area.