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Find Reverse Mortgage Specialists Near You in St Peters, MO
Browse reverse mortgage specialists serving St Peters, Missouri. Contact information and addresses listed below.
4 agents listed
Updated May 2026
St Peters, MO
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 4 reverse mortgage specialists in St Peters, 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.
Gershman Mortgage - St. Peters
201 Salt Lick Rd, St Peters, MO 63376
6366883000
NEXA Mortgage, LLC - Damain Johnson
715 Broadridge Dr Office 101, St Peters, MO 63376
3045529809
Hometown Equity Mortgage - NMLS# 133519
1 Mid Rivers Mall Dr Suite 130, St Peters, MO 63376
8555634836
Schilson Financial Industries
20 Shagbark Ct, St Peters, MO 63376
6363448034
Reverse mortgage specialists in St Peters Missouri help older homeowners access home equity without monthly payments. Missouri law requires borrowers to complete a counseling session with a HUD-approved agency before applying. These specialists guide clients through the process and explain how the loan affects estate planning and property taxes in St Charles County.
What Does a Reverse Mortgage Specialist in St Peters Cost?
Typical costs for a reverse mortgage in Missouri include an origination fee up to 2 percent of the home value capped at 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third party fees for appraisal title and recording ranging from 500 to 2000 dollars. Total closing costs often range from 3000 to 8000 dollars but vary by loan size and lender. 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 eligibility requirements for a reverse mortgage in St Peters Missouri?
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. A financial assessment is also required to ensure the borrower can pay property taxes and insurance.
Do I have to pay Missouri property taxes with a reverse mortgage?
Yes you must continue to pay property taxes and homeowners insurance on the St Peters home. Failure to pay can lead to a loan default and possible foreclosure. The reverse mortgage does not cover these ongoing costs.
What happens to the reverse mortgage when I move out or pass away in Missouri?
The loan becomes due when the last borrower permanently leaves the home or dies. Heirs have up to 30 days to decide to pay off the loan or sell the property. Missouri law provides a 6 month extension for heirs to arrange financing if needed.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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 Missouri.