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 Mississippi before hiring.
Showing 5 reverse mortgage specialists in Byram, MS
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Regional Homes
5551 I-55, Byram, MS 39272
6013734453
World Finance
7404B S Siwell Rd, Byram, MS 39272
6017487024
Tower Loan
28 Holiday Rambler Ln, Byram, MS 39272
6013465524
OneMain Financial
7282 S Siwell Rd ste d, Byram, MS 39272
6018241101
Republic Finance
26 Holiday Rambler Ln, Byram, MS 39272
6013734176
What Does a Reverse Mortgage Specialist in Byram Cost?
Typical costs for a reverse mortgage in Mississippi include an origination fee up to 2500 dollars or 2 percent of the home value whichever is less. Upfront mortgage insurance premium is 2 percent of the appraised value. Third party costs like appraisal title and recording fees range from 1500 to 3500 dollars. Annual mortgage insurance is 0.5 percent of the loan balance. 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 requirements for a reverse mortgage in Byram Mississippi?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement under HUD rules. Mississippi does not have additional state age restrictions.
Do I need to own my home free and clear to qualify in Byram?
No you do not need to own your home free and clear. You must have significant equity. The reverse mortgage pays off any existing mortgage first. Remaining funds are available to you.
What counseling is required for a reverse mortgage in Mississippi?
HUD requires all borrowers to complete a counseling session with a HUD-approved counselor before applying. This session covers costs obligations and alternatives. Mississippi does not add extra counseling requirements.