Find Reverse Mortgage Specialists Near You in Highland Village, TX
Browse reverse mortgage specialists serving Highland Village, Texas. Contact information and addresses listed below.
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 6 reverse mortgage specialists in Highland Village, TX
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A reverse mortgage specialist in Highland Village Texas helps homeowners aged 62 and older access home equity without monthly payments. Texas law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Highland Village residents benefit from specialists familiar with Denton County property values and Texas homestead protections.
What Does a Reverse Mortgage Specialist in Highland Village Cost?
Typical costs for a reverse mortgage in Texas include an origination fee of up to 2 percent of the first 200000 dollars of the homes value plus 1 percent of the amount over 200000. Appraisal fees range from 400 to 800 dollars and closing costs total 2000 to 5000 dollars. Mortgage insurance premiums are 2 percent of the appraised value upfront plus 0.5 percent annually. These 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 Highland Village Texas?
Borrowers must be at least 62 years old. If married the younger spouse must also be 62 to be listed on the loan. Texas law follows federal HECM age rules.
Do I need to own my home free and clear to get a reverse mortgage in Texas?
No you do not need a free and clear title. You can have an existing mortgage as long as you have enough equity to pay it off at closing. Texas law limits the amount you can borrow based on the homes appraised value and your age.