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Browse reverse mortgage specialists serving Elgin, South Carolina. Contact information and addresses listed below.
5 agents listed
Updated May 2026
Elgin, SC
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 South Carolina before hiring.
Showing 5 reverse mortgage specialists in Elgin, SC
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Guild Mortgage - Beth Quick
566 Spears Creek Church Rd #101, Elgin, SC 29045
8033190733
Guild Mortgage - Trey Baker
566 Spears Creek Church Rd #101, Elgin, SC 29045
8033913558
Bill Oliver-Clear Modern Mortgage
161 Pontiac Business Center Dr ste 1208, Elgin, SC 29045
8039134806
Guild Mortgage Company
566 Spears Creek Church Rd #101, Elgin, SC 29045
8037644605
Guild Mortgage - James Nobles
566 Spears Creek Church Rd #101, Elgin, SC 29045
8033913550
A reverse mortgage specialist in Elgin, South Carolina helps homeowners aged 62 and older convert part of their home equity into cash without selling the home. South Carolina law requires that borrowers receive counseling from a HUD-approved agency before obtaining a reverse mortgage. This service is especially relevant for Elgin residents in Kershaw County who want to supplement retirement income or cover home repairs.
What Does a Reverse Mortgage Specialist in Elgin Cost?
Typical costs for a reverse mortgage specialist in South Carolina include an origination fee of up to 2% of the home value, a mortgage insurance premium of 2% of the appraised value upfront plus 0.5% annually, and appraisal fees ranging from $400 to $800. Third-party costs such as title search and recording fees can add $1,000 to $2,500. 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 Elgin South Carolina?
Borrowers must be at least 62 years old. If a married couple applies, both spouses must meet this age requirement unless the younger spouse is a non-borrowing spouse, which is allowed under South Carolina law.
Do I need counseling before getting a reverse mortgage in South Carolina?
Yes. South Carolina law mandates that all borrowers receive counseling from a HUD-approved housing counseling agency. This session must occur before you submit your application and helps ensure you understand the loan terms and obligations.
Can I lose my home with a reverse mortgage in Elgin?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. South Carolina law requires lenders to provide a notice of default and a 30-day cure period before foreclosure proceedings begin.
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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 South Carolina.