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 20 reverse mortgage specialists in Lake Charles, 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.
Pemberton Mortgage Group - Powered by Choice Mortgage Group
1918 Southwood Dr, Lake Charles, LA 70605
3375134618
The Cody Heard Mortgage Team at Premier Nationwide Lending
4216 Lake St, Lake Charles, LA 70605
3373040400
Security Finance
3239 Kirkman St Suite A, Lake Charles, LA 70601
3374776683
Tower Loan
1200 N Martin Luther King Hwy # 150, Lake Charles, LA 70601
3374809394
Bayou Mortgage | Lake Charles
113 Williamsburg St, Lake Charles, LA 70605
3374762623
Premier Nationwide Lending
4216 Lake St, Lake Charles, LA 70605
3374783260
The Brianna Floyd Mortgage Team | NMLS# 1763307
4316 Lake St, Lake Charles, LA 70605
3372523150
Regional Finance
545 W Prien Lake Rd Suite B, Lake Charles, LA 70601
3372526519
GMFS Mortgage - Lake Charles
3830 Nelson Rd Suite 300 Suite 300, Lake Charles, LA 70605
3372462414
Louisiana Mortgage Associates
2915 Ryan St, Lake Charles, LA 70601
3373104663
DSLD Mortgage
206 W 11th St, Lake Charles, LA 70601
3374436419
Alana Mears, Mortgage Loan Officer - First Horizon Bank
4440 Nelson Rd, Lake Charles, LA 70605
3373127663
Lake Charles Finance & Mortgage
313 Alamo St, Lake Charles, LA 70601
3373102274
USA Mortgage
900 Ryan St #403, Lake Charles, LA 70601
3375264538
John Anderson - Premier Nationwide Lending
4216 Lake St, Lake Charles, LA 70605
3372444344
Foley Lending
313 Alamo St suite a, Lake Charles, LA 70601
3375643786
B & B Mortgage, LLC
2100 W Prien Lake Rd, Lake Charles, LA 70605
3375646603
Revolution Mortgage
1400 Market St #1b, Lake Charles, LA 70601
3374505550
NOLA Lending Group
5400 Nelson Rd Suite 200, Lake Charles, LA 70605
3374190602
Chase Home Lending
4100 Nelson Rd, Lake Charles, LA 70605
3374377969
What Does a Reverse Mortgage Specialist in Lake Charles Cost?
Typical costs for a reverse mortgage in Louisiana include an origination fee of up to $6,000, a mortgage insurance premium of 2 percent of the home value, and third party fees such as appraisal and title search ranging from $500 to $1,500. Closing costs usually total between $2,000 and $8,000 depending on the loan amount and property value. 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 eligibility requirements for a reverse mortgage in Lake Charles?
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 you must complete a HUD approved counseling session. Louisiana law requires the counselor to explain all loan terms and costs before you apply.
How does Louisiana law affect reverse mortgage proceeds?
Louisiana is a community property state, so both spouses must sign the loan documents if married. Proceeds from a reverse mortgage are generally not considered taxable income in Louisiana. However, interest on the loan is not deductible until you pay it back.
Can heirs keep the home after the borrower dies in Louisiana?
Yes, heirs can keep the home by paying off the loan balance or 95 percent of the appraised value, whichever is less. Under Louisiana law, they have up to 12 months after the borrower death to sell the home or settle the loan without foreclosure.