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Compare Reverse Mortgage Specialists in College Park, MD
Compare reverse mortgage specialists in College Park. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
College Park, MD
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 Maryland before hiring.
Showing 2 reverse mortgage specialists in College Park, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Fortis Mortgage
7761 Diamondback Dr, College Park, MD 20742
3017314300
Norcom Mortgage : Michael Chelst
6321 Greenbelt Rd #102, College Park, MD 20740
2403875033
A reverse mortgage specialist in College Park Maryland can help homeowners aged 62 and older access their home equity. Maryland law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage. Local specialists understand the specific property values and regulations that affect College Park residents.
What Does a Reverse Mortgage Specialist in College Park Cost?
Typical costs for a reverse mortgage in Maryland include an origination fee of 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 search. Total closing costs often range from 5,000 to 15,000 dollars depending on the home value. Costs vary by lender and loan type. 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 qualifications should a reverse mortgage specialist have in College Park Maryland?
A qualified specialist should be licensed in Maryland and have experience with HECM loans. They should also be familiar with Maryland consumer protection laws that require full disclosure of loan terms and costs.
Is counseling required before getting a reverse mortgage in Maryland?
Yes Maryland law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying. This session must occur at least 30 days before you sign any loan documents.
What are the age requirements for a reverse mortgage in College Park?
The youngest borrower must be at least 62 years old. The home must be your primary residence and you must own it outright or have a low mortgage balance that can be paid off with the reverse mortgage proceeds.
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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 Maryland.