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Directory of reverse mortgage specialists in Covington, Louisiana. Verify credentials with the state mortgage licensing authority before hiring.
16 agents listed
Updated May 2026
Covington, LA
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 16 reverse mortgage specialists in Covington, 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.
Lesley Burke, Mortgage Loan Originator - Hancock Whitney Bank
805 N Collins Blvd, Covington, LA 70433
9858983144
New American Funding - Lance Scott
207 E Lockwood St suite B, Covington, LA 70433
9852771852
New American Funding - Covington, LA
207 E Lockwood St, Covington, LA 70433
9853272837
Gina Joanos, Mortgage Loan Officer - First Horizon Bank
70470 LA-21, Covington, LA 70433
9856748354
Vista Mortgage LLC
522 N New Hampshire St Ste 7, Covington, LA 70433
9856308201
Foundation Lending
114 Hickory Pl, Covington, LA 70433
9859514300
Arbor Lending Group
5001 US-190, Covington, LA 70433
9858678334
Reverse mortgage specialists in Covington Louisiana help older homeowners access home equity without monthly payments. Louisiana law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists in St. Tammany Parish guide clients through the process and explain how loan repayment works when the home is sold or the borrower moves out.
What Does a Reverse Mortgage Specialist in Covington Cost?
In Louisiana, reverse mortgage specialists typically charge an origination fee capped at 2 percent of the first 200,000 dollars of home value plus 1 percent of the amount above 200,000 dollars. Third-party costs such as appraisal fees usually range from 450 to 700 dollars and title insurance from 1,500 to 3,000 dollars. Closing costs for a HECM in Covington often total between 5,000 and 10,000 dollars but vary by lender and property. 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 Covington Louisiana?
Borrowers must be at least 62 years old. The non-borrowing spouse may be younger but must meet specific HUD rules to remain in the home after the borrowing spouse passes away.
Do I need to own my home free and clear to get a reverse mortgage in Louisiana?
No. You can have an existing mortgage as long as you have enough equity to pay it off with the reverse mortgage proceeds. Louisiana law does not require full ownership before applying.
What costs are involved with a reverse mortgage specialist in Covington?
Typical costs 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 and title work. Total closing costs in Louisiana often range from 5,000 to 10,000 dollars depending on the property value.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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 Louisiana.