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 8 reverse mortgage specialists in Smyrna, 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.
Keith Morrow, SWBC Mortgage
611 Potomac Pl #120, Smyrna, TN 37167
6154140200
Accurate Mortgage Group - Smyrna
701 President Pl #165, Smyrna, TN 37167
6157241888
Nexa Mortgage LLC / Billy Carver Branch Manager
1241 Rock Springs Rd, Smyrna, TN 37167
6158120186
Renee Wyatt Goodrich, SWBC Mortgage
611 Potomac Pl Ste. 120, Smyrna, TN 37167
6155684922
FirstBank Mortgage
724 President Pl, Smyrna, TN 37167
8002006462
FirstBank Mortgage
417 S Lowry St, Smyrna, TN 37167
8002006462
Ruth Perez, SWBC Mortgage
611 Potomac Pl #120, Smyrna, TN 37167
6155064841
US Bank Mortgage
345 Sam Ridley Pkwy W, Smyrna, TN 37167
8008722657
What Does a Reverse Mortgage Specialist in Smyrna Cost?
Typical costs for a reverse mortgage in Tennessee 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 home value upfront plus 0.5 percent annually, and third-party costs such as appraisal title and recording fees totaling 2000 to 5000 dollars. Closing costs vary by lender 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 Smyrna Tennessee?
Borrowers must be at least 62 years old. The spouse must also be 62 or older to be on the loan, though non-borrowing spouses have certain protections under Tennessee law.
Do I need counseling before getting a reverse mortgage in Tennessee?
Yes Tennessee law requires you to 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.
Can I lose my home with a reverse mortgage in Smyrna?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Tennessee law allows lenders to foreclose after a 12-month default period. You must keep the home as your primary residence.