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 14 reverse mortgage specialists in League City, 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.
Bolt Mortgage, Inc
4440 W Main St, League City, TX 77573
2815431193
Mimi Montgomery - Baymont Mortgage
238 S Egret Bay Blvd, League City, TX 77573
8328602000
Rachael Pitarra - Bolt Mortgage, Inc.
4440 W Main St, League City, TX 77573
8324385626
Seth Saldivar - TEXAN DIRECT LENDING
2600 South Shore Blvd #300, League City, TX 77573
3465323400
Carlos Luis Diaz - Bilingual Loan Officer
2600 South Shore Blvd #300, League City, TX 77573
8326617742
Adam Villarreal - Ideal Mortgage Inc.
2600 South Shore Blvd #300, League City, TX 77573
8323158013
New American Funding
2600 South Shore Blvd Ste 300A, Ofc 383, League City, TX 77573
2812156573
Melissa Torres - Bolt Mortgage
4440 W Main St, League City, TX 77573
8323706238
Marissa Cantu-Bolt Mortgage
4440 W Main St, League City, TX 77573
3462145460
Helping Heroes Buy Homes, LLC NMLS 1789145
2213 Dove Haven Ln, League City, TX 77573
2818704441
Travis Arbuckle - Bolt Mortgage, Inc.
4440 W Main St, League City, TX 77573
9365446926
HomeLoanswithDavid
3027 Marina Bay Dr # 315, League City, TX 77573
8329152089
NorthStar Mortgage, LLC
1526 Noble Way Ct, League City, TX 77573
8327840200
Union Home Mortgage
2600 South Shore Blvd Suite 300 | Office 301, League City, TX 77573
9724830919
What Does a Reverse Mortgage Specialist in League City Cost?
Typical costs for a reverse mortgage in Texas include an origination fee of up to 2 percent of the first 200000 of home value plus 1 percent of the amount over 200000. Closing costs such as appraisal title insurance and recording fees range from 2000 to 5000. A mandatory upfront mortgage insurance premium of 2 percent of the appraised value is also required. 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 League City Texas?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed as a borrower. Texas law does not allow exceptions to this age rule.
Do I need to own my home free and clear to get a reverse mortgage in Texas?
No you do not need to own the home free and clear. You can use a reverse mortgage to pay off an existing mortgage. However you must have significant equity in the property typically at least 50 percent.
What happens to my reverse mortgage when I pass away in Texas?
The loan becomes due when the last borrower dies or permanently moves out. Heirs have the option to repay the loan and keep the home or sell the home to pay off the balance. Texas law gives heirs up to 12 months to settle the loan.