Compare Reverse Mortgage Specialists in Longview, TX
Browse reverse mortgage specialists serving Longview, 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 15 reverse mortgage specialists in Longview, 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 Longview Texas can help homeowners aged 62 and older convert home equity into cash. Under Texas law reverse mortgages are called home equity conversion mortgages and require a mandatory counseling session. Local specialists guide clients through the unique Texas homestead protections and repayment rules.
What Does a Reverse Mortgage Specialist in Longview Cost?
In Texas reverse mortgage costs include an origination fee capped at 6000 dollars or 2 percent of the home value whichever is less. The upfront mortgage insurance premium is 2 percent of the appraised value. Annual mortgage insurance is 0.5 percent of the loan balance. Third party costs such as appraisal title and recording fees typically add 1500 to 3500 dollars. All costs can be paid from loan proceeds. 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 Longview Texas?
You must be at least 62 years old to qualify for a reverse mortgage in Texas. All borrowers on the title must meet this age requirement. The home must be your primary residence.
Are there specific Texas laws for reverse mortgages?
Yes Texas has strict homestead protections under Article 16 Section 50 of the state constitution. Borrowers must complete HUD-approved counseling before applying. The loan cannot exceed 80 percent of the appraised home value under Texas rules.