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 Tennessee before hiring.
Showing 3 reverse mortgage specialists in Fairview, TN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
The Erica Kelley Group powered by Flat Branch Home Loans
2092 Fairview Blvd, Fairview, TN 37062
6154233095
The John Phillips Team, FirstBank Mortgage, NMLS# 157875
2202 Fairview Blvd, Fairview, TN 37062
6153325253
Stockton Mortgage
2721 Fairview Blvd # 105, Fairview, TN 37062
6153142040
What Does a Reverse Mortgage Specialist in Fairview Cost?
Typical costs for a reverse mortgage in Tennessee include an origination fee up to 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal title and recording costs. Closing costs generally range from 2000 to 8000 dollars depending on the property value and lender. These costs can be financed into the loan so you pay little out of pocket. 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 Fairview Tennessee?
Borrowers must be at least 62 years old. If married and one spouse is under 62 that spouse may still qualify as a non-borrowing spouse under certain conditions. Tennessee law follows federal HECM guidelines for age eligibility.
Do I need to own my home free and clear to get a reverse mortgage in Fairview?
No you do not need to own your home free and clear. You can use a reverse mortgage to pay off an existing mortgage balance. The loan amount depends on your age home value and current interest rates.
What happens to the reverse mortgage when I move out or pass away in Tennessee?
The loan becomes due when the last borrower permanently leaves the home or passes away. Heirs have the option to pay off the loan or sell the home. Tennessee law gives heirs a 30 day grace period and they may request additional time.