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 Louisiana before hiring.
Showing 14 reverse mortgage specialists in Bossier City, LA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Security Finance
1701 Old Minden Rd Suite 30, Bossier City, LA 71111
3187468885
Tower Loan
1300 Airline Dr B, Bossier City, LA 71112
3187417231
Fairway Independent Mortgage Corporation
2146 Airline Dr Suite 300, Bossier City, LA 71111
3188415908
Acadiana Mortgage
1017 Benton Rd, Bossier City, LA 71111
3185492800
Cherry Mortgage, LLC.
1800 Jimmie Davis Hwy # B, Bossier City, LA 71112
3184597629
Republic Finance
4726 E Texas St Ste 210, Bossier City, LA 71111
3187417136
Patriot Mortgage
2400 Old Minden Rd Ste 5E, Bossier City, LA 71111
3182312400
J & L Processing & Mortgages
2234 Windsor Ct, Bossier City, LA 71111
3186233810
Castlerock Mortgage Group
1608 Jimmie Davis Hwy, Bossier City, LA 71112
3188686066
Sherri D Roach | Fairway Independent Mortgage Corporation Loan Officer
2146 Airline Dr Suite 300, Bossier City, LA 71111
3187422646
NOLA Lending Group
1000 Chinaberry Dr STE 402, Bossier City, LA 71111
3187167621
Equity Home Lenders
707 Benton Rd # 201, Bossier City, LA 71111
3187479999
Regions Mortgage
2569 Viking Dr, Bossier City, LA 71111
8003256000
Steve Fair - Regions Mortgage Loan Officer
2948 E Texas St, Bossier City, LA 71111
3185183694
What Does a Reverse Mortgage Specialist in Bossier City Cost?
Typical costs for a reverse mortgage in Louisiana include an origination fee up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party fees like appraisal and title search totaling $500 to $1,500. Closing costs generally range from $2,000 to $8,000. These costs can be financed into the loan. 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 age and equity requirements for a reverse mortgage in Bossier City?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be your primary residence. Louisiana law does not impose additional age restrictions beyond federal HUD rules.
Do I have to pay property taxes and insurance with a reverse mortgage in Louisiana?
Yes, you must continue to pay property taxes, homeowners insurance, and maintain the home. Failure to do so can lead to loan default. Louisiana offers a special assessment freeze for seniors, but this does not eliminate tax payment obligations.
How does a reverse mortgage affect my heirs in Bossier City?
Heirs can repay the loan by selling the home or using other funds. If the loan balance exceeds the home value, they pay no more than 95% of the appraised value. Louisiana inheritance laws do not change this federal protection.