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Compare Reverse Mortgage Specialists in Collinsville, OK
Directory of reverse mortgage specialists in Collinsville, Oklahoma. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
Collinsville, OK
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 Oklahoma before hiring.
Showing 2 reverse mortgage specialists in Collinsville, OK
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
American Bank of Oklahoma
200 E Main St, Collinsville, OK 74021
9183717300
CastleRock Financial Advisors - A Wealth Management Team
1107 W Main St, Collinsville, OK 74021
9183716565
A reverse mortgage specialist in Collinsville Oklahoma helps homeowners aged 62 and older convert home equity into tax free funds. Oklahoma law requires borrowers to complete HUD approved counseling before applying. Local specialists guide clients through the HECM program and explain how property taxes and insurance must stay current.
What Does a Reverse Mortgage Specialist in Collinsville Cost?
Typical costs for a reverse mortgage specialist in Oklahoma include an origination fee of up to $6,000, a mortgage insurance premium of 2 percent of the home value, and appraisal fees around $500. Closing costs usually range from $2,000 to $5,000. These costs can be financed into the loan. 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 Collinsville Oklahoma?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be a co-borrower. Oklahoma follows federal HUD rules for age eligibility.
Do I need to own my home free and clear to get a reverse mortgage in Collinsville?
No, you can have an existing mortgage. The reverse mortgage must pay off any current loan balance first. Oklahoma law does not require full home equity ownership to qualify.
What happens to the reverse mortgage when I pass away in Oklahoma?
The loan becomes due when the last borrower dies or permanently leaves the home. Heirs have 30 days to decide to pay off the loan or sell the property. Oklahoma law allows a 6 month extension if needed.
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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 Oklahoma.