Compare Reverse Mortgage Specialists in Cleburne, TX
Looking for a reverse mortgage specialist in Cleburne? Review the directory below to compare your options.
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 Texas before hiring.
Showing 8 reverse mortgage specialists in Cleburne, TX
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
A reverse mortgage specialist in Cleburne Texas helps homeowners aged 62 and older convert part of their home equity into cash. Texas law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Local specialists can guide you through the process and explain the specific rules for Texas homestead properties.
What Does a Reverse Mortgage Specialist in Cleburne Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to $6,000 or 2% of the homes value whichever is less. Third-party costs such as appraisal title insurance and recording fees usually range from $2,500 to $5,000. HUD requires a mortgage insurance premium of 2% of the loan amount upfront plus 0.5% annually. These costs are often financed into the loan. 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 Cleburne Texas?
Borrowers must be at least 62 years old. In Texas all borrowers on the title must meet this age requirement. The home must also be the borrowers primary residence.
Is there a limit on how much I can borrow with a reverse mortgage in Texas?
Yes. The amount you can borrow depends on your age the homes value and current interest rates. In 2024 the maximum claim amount for a HECM loan is $1,089,300. Texas law also limits the loan to 80% of the homes appraised value for reverse mortgages.