Find Reverse Mortgage Specialists Near You in Irving, TX
Browse reverse mortgage specialists serving Irving, 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 11 reverse mortgage specialists in Irving, TX
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A reverse mortgage specialist in Irving Texas helps homeowners age 62 and older convert home equity into tax-free funds. Texas law requires borrowers to complete mandatory counseling before obtaining a reverse mortgage. Specialists guide clients through the process including eligibility and repayment rules specific to Texas property tax and homestead protections.
What Does a Reverse Mortgage Specialist in Irving Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 2 percent of the home value with a maximum of 6000 dollars. Other fees include appraisal costs around 400 to 600 dollars and closing costs of 2000 to 4000 dollars. Counseling fees are usually 125 to 250 dollars. These costs vary by lender and loan type. 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 does a reverse mortgage specialist in Irving do?
A reverse mortgage specialist helps you understand and apply for a Home Equity Conversion Mortgage HECM. They explain Texas-specific rules such as the mandatory counseling requirement and the limit on loan amounts based on your home value and age. They also assist with documentation and closing steps.
What are the Texas requirements for a reverse mortgage?
In Texas you must be at least 62 years old own your home outright or have a low mortgage balance and live in the home as your primary residence. Texas law requires you to complete a HUD-approved counseling session before applying. The loan must be repaid when you sell the home move out permanently or pass away.