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Looking for a reverse mortgage specialist in Hobbs? Review the directory below to compare your options.
14 agents listed
Updated May 2026
Hobbs, NM
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 New Mexico before hiring.
Showing 14 reverse mortgage specialists in Hobbs, NM
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Sun Loan Company
117 W Broadway St, Hobbs, NM 88240
5753973153
World Finance
915 N Turner St, Hobbs, NM 88240
5753919347
Regional Finance
101 W Broadway St, Hobbs, NM 88240
5753937435
O'Keven Financial
3130 N Grimes St, Hobbs, NM 88240
5756165557
OneMain Financial
3920 N Lovington Hwy #300, Hobbs, NM 88240
5753923538
Merrill Lynch Wealth Management
235 E Bender Blvd, Hobbs, NM 88240
5753926145
Ernie Naegele & Associates
506 E Broadway St, Hobbs, NM 88240
5753930555
Edward Jones - Financial Advisor: Kimberly N Bustillos, CRPC™
2702 N Grimes St c, Hobbs, NM 88240
5753920949
Edward Jones - Financial Advisor: Summer N Wright
3401 N Grimes St Ste 300, Hobbs, NM 88240
5753970661
American Lenders Services Co
616 W Dunnam St, Hobbs, NM 88240
5753937954
Edward Jones - Financial Advisor: Luanne D North
3401 N Grimes St Ste 300, Hobbs, NM 88240
5753930992
Advance Funding Inc
815 N Turner St, Hobbs, NM 88240
5753919942
Ascendant Financial Advisors
1819 N Turner St K, Hobbs, NM 88240
5759641583
Merrill Lynch Financial Advisor Brandon Arnold
235 E Bender Blvd, Hobbs, NM 88240
5753926145
A reverse mortgage specialist in Hobbs, New Mexico helps homeowners aged 62 and older convert home equity into cash without selling their property. New Mexico law requires reverse mortgage counseling through a HUD-approved agency before loan approval. Specialists guide clients through the process, including understanding loan terms and local property tax implications.
What Does a Reverse Mortgage Specialist in Hobbs Cost?
Typical costs for a reverse mortgage specialist in New Mexico include an origination fee of 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 and title search. These costs range from approximately $5,000 to $15,000 depending on the property value and loan type. Costs are often financed into the loan rather than paid upfront. 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 does a reverse mortgage specialist in Hobbs do?
A reverse mortgage specialist in Hobbs helps homeowners understand and apply for reverse mortgages. They explain loan options, assist with required counseling, and coordinate with lenders. Specialists also advise on how reverse mortgages affect New Mexico property taxes and estate planning.
Are there New Mexico specific rules for reverse mortgages?
Yes, New Mexico requires mandatory counseling from a HUD-approved agency before a reverse mortgage can be finalized. The state also limits loan amounts based on property value and borrower age. New Mexico law protects borrowers from foreclosure if they meet loan obligations.
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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 New Mexico.