Compare Reverse Mortgage Specialists in Kingsport, TN
Directory of reverse mortgage specialists in Kingsport, Tennessee. Verify credentials with the state state mortgage licensing authority before hiring.
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
State Mortgage Licensing Authority of Tennessee before hiring.
Showing 13 reverse mortgage specialists in Kingsport, 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.
What Does a Reverse Mortgage Specialist in Kingsport Cost?
Typical costs for a reverse mortgage specialist in Tennessee include an origination fee of up to 2 percent of the first 200,000 dollars of the home value plus 1 percent of the amount above 200,000 dollars. Other costs may include a mortgage insurance premium of 2 percent of the appraised value upfront and an annual premium of 0.5 percent. Appraisal fees in Kingsport range from 450 to 700 dollars. Closing costs such as title insurance and recording fees add 500 to 1,500 dollars. Note that 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 Kingsport Tennessee?
Borrowers must be at least 62 years old. For a HECM loan, all titleholders must meet this age requirement unless a non-borrowing spouse qualifies under specific HUD rules.
Do I need to own my home free and clear to qualify in Kingsport?
No you do not need to own your home free and clear. You can still qualify if you have an existing mortgage as long as the reverse mortgage proceeds pay off that loan first. Tennessee law does not impose additional equity requirements beyond HUD guidelines.
How does Tennessee law affect reverse mortgage counseling requirements?
Tennessee follows federal HUD rules requiring a counseling session with a HUD-approved agency before you can apply. The session must be completed within 180 days before closing. Local Kingsport agencies can provide this counseling in person or by phone.