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Looking for a reverse mortgage specialist in Ridgeland? Review the directory below to compare your options.
12 agents listed
Updated May 2026
Ridgeland, MS
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 12 reverse mortgage specialists in Ridgeland, 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.
Ernie Turner
1076 Highland Colony Pkwy #150, Ridgeland, MS 39157
6019416276
Academy Mortgage
573 US-51 Suite C, Ridgeland, MS 39157
7692301827
Affordable Lending Group, LLC
589 Northpark Dr D, Ridgeland, MS 39157
6018990115
NOLA Lending Group - Brian Lott
196 Charmant Pl #4, Ridgeland, MS 39157
6012140555
Matt Wilson- Story Financial Partners- Senior Morgage Lending Specialist; NMLS 642317
A reverse mortgage specialist in Ridgeland Mississippi helps homeowners aged 62 and older convert part of their home equity into tax-free funds without selling the home. Mississippi law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Ridgeland residents benefit from local specialists who understand the nuances of Mississippi property tax deferral programs and homestead exemption rules.
What Does a Reverse Mortgage Specialist in Ridgeland Cost?
Typical costs for a reverse mortgage specialist in Mississippi include an origination fee of up to 2 percent of the home value capped at $6,000, a mortgage insurance premium of 2 percent of the appraised value, and third-party closing costs such as appraisal title and recording fees ranging from $1,500 to $3,000. Annual servicing fees are usually $30 to $35 per month. These costs are often financed into the loan. 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 Ridgeland Mississippi?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet HUD property standards. Mississippi law does not impose additional state-specific age or income limits beyond federal HUD rules.
How does Mississippi law affect reverse mortgage proceeds and taxes?
Reverse mortgage proceeds are not considered taxable income for Mississippi state income tax purposes. However, interest on the loan is not deductible until the loan is repaid. Mississippi also offers a homestead exemption that may reduce property taxes for eligible seniors, which can affect the overall cost of maintaining the home.
What happens if I sell my home or move out in Ridgeland Mississippi?
If you sell your home or permanently move out, the reverse mortgage becomes due and payable. Mississippi law gives borrowers a 12-month deferral period after the last borrower leaves the home before foreclosure can begin. This is longer than the standard 6-month federal requirement.
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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 Mississippi.