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 4 reverse mortgage specialists in Millersville, 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.
Will Camacho- First Home Mortgage
8638 Veterans Hwy #300, Millersville, MD 21108
4434946115
Scott Haney with FitzGerald Financial Group
8432 Veterans Hwy, Millersville, MD 21108
4432505329
First Home Mortgage - Millersville
8638 Veterans Hwy #300, Millersville, MD 21108
4105445656
First Home Mortgage - Millersville
8638 Veterans Hwy #300, Millersville, MD 21108
4107291025
What Does a Reverse Mortgage Specialist in Millersville 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 upfront plus 0.5 percent annually and third-party fees for appraisal title and recording. In Millersville total closing costs often range from 5000 to 12000 depending on home value and loan type. 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 requirements for a reverse mortgage in Millersville Maryland?
Borrowers must be at least 62 years old. All owners listed on the title must meet this age requirement. Maryland law does not change this federal rule.
Do I need to attend counseling for a reverse mortgage in Maryland?
Yes. Maryland requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan terms costs and alternatives.
Are reverse mortgage proceeds taxable in Maryland?
No. Reverse mortgage payments are considered loan advances not income. They are not subject to federal or Maryland state income tax.