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 Lake Ozark, 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.
Flat Branch Home Loans
2882 Bagnell Dam Blvd, Lake Ozark, MO 65049
5736934693
On Q Home Loans | Lake Ozark | Jeanne Rackers
2140 Bagnell Dam Blvd #202, Lake Ozark, MO 65049
5732686874
Lakelender Michael Lasson Mortgage Banker
2882 Bagnell Dam Blvd Suite B, Lake Ozark, MO 65049
5732167258
First State Bank Mortgage
2751 Bagnell Dam Blvd Suite B, Lake Ozark, MO 65049
5733655626
Total Lending Concepts I Lake of the Ozarks
2610 Bagnell Dam Blvd, Lake Ozark, MO 65049
5732026502
What Does a Reverse Mortgage Specialist in Lake Ozark 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 and recording. Total closing costs often range from 5000 to 15000 depending on the property 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 Lake Ozark Missouri?
Borrowers must be at least 62 years old. If married the younger spouse can be listed as a non-borrowing spouse to remain in the home after the borrowing spouse passes away.
Do I need to own my home free and clear to get a reverse mortgage in Missouri?
No you can have an existing mortgage. The reverse mortgage proceeds must pay off any current loan first. You must also have enough equity to cover the new loan and closing costs.
How much can I borrow with a reverse mortgage in Lake Ozark?
The amount depends on your age the appraised value of your home and current interest rates. In Missouri the maximum claim amount for a HECM loan is the appraised value or the FHA lending limit whichever is lower.