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 Missouri before hiring.
Showing 5 reverse mortgage specialists in Kearney, MO
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Kearney Trust Company
310 State Rte 92, Kearney, MO 64060
8166286666
Mike McNally - LeaderOne Financial - NMLS# 12007
110 E 6th St Suite 1, Kearney, MO 64060
8162100540
Verimore Bank
455 Sam Barr Dr #100, Kearney, MO 64060
8169039010
Chad Taylor
100 E 6th St Suite 10, Kearney, MO 64060
8169034663
LeaderOne Financial Corporation/ Home Loans
110 E 6th St Ste 1, Kearney, MO 64060
8168531607
What Does a Reverse Mortgage Specialist in Kearney Cost?
Typical costs for a reverse mortgage in Missouri include an origination fee 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, title search, and recording. For a home valued at 300,000 dollars, total closing costs often range from 8,000 to 15,000 dollars. 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 is a reverse mortgage specialist in Kearney?
A reverse mortgage specialist is a licensed professional who helps homeowners in Kearney understand and apply for reverse mortgages. They guide clients through the HECM process, which is federally insured and regulated by HUD. Missouri requires all reverse mortgage originators to hold a state mortgage license.
What are the age requirements for a reverse mortgage in Missouri?
Borrowers must be at least 62 years old to qualify for a reverse mortgage in Missouri. If there are two borrowers on the title, the younger borrower must meet this age requirement. The home must also be the borrower's primary residence.