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 3 reverse mortgage specialists in Wildwood, 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.
Mason Mortgage Advisors
16759 Main St STE 210A, Wildwood, MO 63040
3143958300
Superior Mortgage Solutions
17014 New College Ave #200a, Wildwood, MO 63040
3144322111
STL MORTGAGE SOLUTIONS LLC
17336 Orrville Rd, Wildwood, MO 63005
3143484349
What Does a Reverse Mortgage Specialist in Wildwood 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 upfront plus 0.5 percent annually, and third party fees like appraisal and title search. For a $300,000 home in Wildwood, total closing costs often range from $8,000 to $12,000. Costs vary by loan type and lender. 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 age requirements for a reverse mortgage in Wildwood Missouri?
Borrowers must be at least 62 years old. All titleholders must meet this age requirement. Missouri law does not allow exceptions to this federal HUD rule.
Do I need counseling before getting a reverse mortgage in Missouri?
Yes. Missouri requires all borrowers to complete a counseling session with a HUD approved agency before applying. The session covers loan terms, costs, and alternatives. You must receive a certificate of completion.
Can I lose my home with a reverse mortgage in Wildwood?
Yes if you fail to pay property taxes, homeowners insurance, or maintain the home. Missouri law allows the lender to foreclose if you do not meet these obligations. You must keep the home in good condition.