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 Texas before hiring.
Showing 7 reverse mortgage specialists in Fulshear, 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.
Fairway Independent Mortgage Corporation
5757 Flewellen Oaks Lane Suite 402, Fulshear, TX 77441
2816714874
Liberty Star Mortgage / Collette Horton a division of SecurityNational Mortgage Co, NMLS 3116
30417 5th St Suite B, Fulshear, TX 77441
2815580004
Texas Equity Group
8030 FM359 Suite B-3, Fulshear, TX 77441
2812015429
Martin Mortgage
30634 Front St, Fulshear, TX 77441
2815339952
Greg Stubblefield | Fairway Independent Mortgage Corporation Loan Officer
5757 Flewellen Oaks Lane Suite 402, Fulshear, TX 77441
2812163703
Randy Rafferty | Fairway Independent Mortgage Corporation Loan Officer
5757 Flewellen Oaks Lane Suite 402, Fulshear, TX 77441
9794926030
SecurityNational Mortgage Company
30417 5th St Suite B, Fulshear, TX 77441
8552031300
What Does a Reverse Mortgage Specialist in Fulshear Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 2% of the home value, a mortgage insurance premium of 2% of the appraised value, and third-party costs like appraisal and title search fees. Total closing costs often range from 5,000 to 15,000 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 is a reverse mortgage specialist in Fulshear?
A reverse mortgage specialist is a licensed professional who helps seniors understand and apply for reverse mortgages. In Texas, they must follow state regulations including the Texas Constitution Section 50 which governs home equity loans.
What are the Texas requirements for a reverse mortgage?
Texas law requires borrowers to be at least 62 years old, own their home outright or have a low mortgage balance, and live in the home as their primary residence. A mandatory HUD-approved counseling session is required before any application.
How much can I borrow with a reverse mortgage in Fulshear?
The amount depends on your age, home value, and current interest rates. In Texas, the maximum claim amount for a Home Equity Conversion Mortgage is $1,089,300 as of 2024. Your specialist can provide a personalized estimate based on your situation.