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 19 reverse mortgage specialists in Lubbock, 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.
Benchmark Mortgage
12419 Quaker Ave, Lubbock, TX 79424
8063008805
Capital Mortgage Services
4212 50th St, Lubbock, TX 79413
8067967231
Revolution Mortgage
8333 Upland Ave Suites 200 & 300, Lubbock, TX 79424
8062430777
Caprock Mortgage Solutions
2507 79th St Suite A, Lubbock, TX 79423
8063195382
Hometrust Mortgage Company
12203 Quaker Ave #17, Lubbock, TX 79423
8067862556
Leanna Harris | Mortgage Loan Officer
8401 Quaker Ave, Lubbock, TX 79424
8064169094
Cameron Lambo - CrossCountry Mortgage
6303 Indiana Ave Suite #103, Lubbock, TX 79413
8063197327
Candice Gerron Team
12812 Indiana Ave Ste2, Lubbock, TX 79423
8065070631
Next Legacy Lending PLLC
4920 S Loop 289 # 204, Lubbock, TX 79414
3252553550
RWM Home Loans
7710 Milwaukee Ave #200, Lubbock, TX 79424
8067730531
Flat Branch Home Loans
2507 79th St Suite A, Lubbock, TX 79423
8063195382
Jacob Faske, Mortgage Solution Specialist, NFM Lending
6202 Iola Ave Office #131, Lubbock, TX 79424
8062012081
City Bank Mortgage
5219 City Bank Pkwy, Lubbock, TX 79407
8067927101
Cardinal Financial Company, Limited Partnership
13037 Quaker Ave Ste 200, Lubbock, TX 79423
8063102272
Ashley Laycock | Mortgage Loan Officer | Revolution Mortgage
8333 Upland Ave Suites 200 & 300, Lubbock, TX 79424
8066817095
City Bank Mortgage
6524 82nd St, Lubbock, TX 79424
8066878015
MORTGAGEinc
5721 82nd St, Lubbock, TX 79424
8065893195
Bob Rowten
6524 82nd St, Lubbock, TX 79424
8066878015
Whitney Chaney - Texas Tech Credit Union
6319 79th St, Lubbock, TX 79424
8064704886
What Does a Reverse Mortgage Specialist in Lubbock 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 cap of 6000 dollars, plus third-party costs like appraisal 400 to 600 dollars, title insurance 1000 to 2000 dollars, and recording fees. HUD counseling costs 125 to 250 dollars. Total closing costs usually range from 2000 to 8000 dollars depending on the loan amount and property value. 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 are the age and equity requirements for a reverse mortgage in Lubbock Texas?
Borrowers must be at least 62 years old and own the home outright or have a low mortgage balance. The home must be the primary residence and meet FHA property standards. Texas law also requires the home to be a single-family property or a HUD-approved condominium.
How does Texas law affect reverse mortgage counseling and closing timelines?
Texas law mandates a three-day right of rescission after closing, giving borrowers time to cancel without penalty. Counseling must be completed at least seven days before loan application. Specialists must follow Texas Finance Code rules regarding disclosures and loan terms.
Can a reverse mortgage be foreclosed in Lubbock Texas if I do not pay property taxes or insurance?
Yes. Failure to pay property taxes or maintain homeowners insurance can trigger foreclosure. Texas law requires lenders to set aside funds from the loan for taxes and insurance. Borrowers must keep the home in good repair and live in it as their primary residence.