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 14 reverse mortgage specialists in Hilton Head Island, 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.
Northpoint Mortgage, Inc.
1000 William Hilton Pkwy #205, Hilton Head Island, SC 29928
8436845015
Bryon Mallernee - Union Home Mortgage - NMLS 131465
52 New Orleans Rd Suite 202, Hilton Head Island, SC 29928
2692240546
Aaron Benton | Northpoint Mortgage | NMLS 1717095
1000 William Hilton Pkwy, Hilton Head Island, SC 29928
8435055623
William Ogrady
23 B Shelter Cove Ln Suite 100-A, Hilton Head Island, SC 29928
8773141499
Guild Mortgage - Doug Wall
800 Main St Suite 201-j, Hilton Head Island, SC 29926
6308803954
Union Home Mortgage
52 New Orleans Rd, Hilton Head Island, SC 29928
8032519748
Tanner Ware | Northpoint Mortgage | NMLS 278238
1000 William Hilton Pkwy Suite 205, Hilton Head Island, SC 29928
8434223044
Hilton Head Mortgage
7 Shelter Cove Ln, Hilton Head Island, SC 29928
8665612828
Jim Hess, Movement Mortgage
23 B Shelter Cove Ln suite 100, Hilton Head Island, SC 29928
8432986507
Movement Mortgage Matt Topping/Kieron O'Grady
23 B Shelter Cove Ln Suite 100-A, Hilton Head Island, SC 29928
8773141499
Sue Ann Hess- Movement Mortgage NMLS 461866
4101 Main St Ste E, Hilton Head Island, SC 29926
8432989816
Revolution Mortgage
22 Bow Cir # C, Hilton Head Island, SC 29928
8436049550
Highland Mortgage
2 Corpus Christi Pl #200, Hilton Head Island, SC 29928
7742595577
Southeast Mortgage
22 Bow Cir # C, Hilton Head Island, SC 29928
8003448788
What Does a Reverse Mortgage Specialist in Hilton Head Island Cost?
Typical costs for a reverse mortgage in South Carolina include an origination fee up to 2 percent of the home value capped at 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal title search and recording. Closing costs generally range from 2000 to 8000 dollars depending on the property value and loan type. 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 age requirements for a reverse mortgage in South Carolina?
Borrowers must be at least 62 years old. All co-borrowers listed on the title must also meet this age requirement. The home must be the primary residence.
Are reverse mortgage proceeds taxable in South Carolina?
Reverse mortgage proceeds are not considered income by the IRS or South Carolina Department of Revenue. They are loan advances and are tax-free. However interest deductions may apply when the loan is repaid.
What property types qualify for a reverse mortgage in Hilton Head Island?
Single-family homes, HUD-approved condominiums, and manufactured homes that meet FHA standards qualify. The property must be in good condition and pass a FHA appraisal. Two-to-four unit properties may also qualify if the borrower occupies one unit.