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 12 reverse mortgage specialists in Owasso, 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.
Dixie Finance of Owasso
9100 N Garnett Rd # B, Owasso, OK 74055
9183762088
First United Mortgage Group
9455 N Owasso Expy, Owasso, OK 74055
9184084991
1st Capital Mortgage
13720 East 86th St N, Owasso, OK 74055
9182741519
The JD Dorris Team
9455 N Owasso Expy unit a, Owasso, OK 74055
9184084991
Chris Hunt - Mortgage Broker
12899 E 76th St N Suite 102, Owasso, OK 74055
9188097242
Vince Pironti - American Mortgage Professionals
12899 E 76th St N Suite 102, Owasso, OK 74055
9186075252
American Mortgage Professionals, LLC
12899 E 76th St N, Owasso, OK 74055
9182722224
1st Capital Mortgage of Oklahoma City Mortgages
13720 East 86th Street, Owasso, OK 74055
9182741519
Academy Mortgage Corporation
12150 E 96th St N #100, Owasso, OK 74055
9185103656
Home Team Lending
13512 E 116th St N, Owasso, OK 74055
9183929990
Mario Francisco Francisco Alonzo - Chase Home Lending Advisor - NMLS ID 212649
11305 E 96th St N, Owasso, OK 74055
2107176265
Great Plains Mortgage Inc
9701 East 86th St N B, Owasso, OK 74055
9182746800
What Does a Reverse Mortgage Specialist in Owasso Cost?
Typical costs for a reverse mortgage specialist in Oklahoma include an origination fee up to 2 percent of the home value or 6000 dollars whichever is less. Third party costs like appraisal title insurance and recording fees usually range from 2000 to 5000 dollars. There is also a mortgage insurance premium of 2 percent of the home value at closing plus annual premiums. Costs vary by situation. 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 Owasso Oklahoma?
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 FHA property standards. Oklahoma does not have additional state specific eligibility rules beyond federal requirements.
How does Oklahoma law affect reverse mortgage proceeds?
Oklahoma law treats reverse mortgage proceeds as loan advances not income for state tax purposes. This means they do not affect Social Security or Medicare benefits. The loan must be repaid when the last borrower dies sells the home or moves out permanently.
What counseling is required before getting a reverse mortgage in Oklahoma?
Borrowers must complete a counseling session with a HUD approved counselor. This session covers loan terms costs and alternatives. The counselor must be independent from the lender and the session can be done in person or by phone.