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Compare reverse mortgage specialists in Magnolia. Review contact information and insurance categorys before you decide.
12 agents listed
Updated May 2026
Magnolia, TX
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 12 reverse mortgage specialists in Magnolia, 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.
The Home Equity Network (H Mortgage)
121 Magnolia Reserve Loop, Magnolia, TX 77354
2813046353
NRL Mortgage- The Woodlands
33018 Tamina Rd #10, Magnolia, TX 77354
8322205524
Mid America Mortgage Inc.
6018 FM 1488 Road, Magnolia, TX 77354
9362738255
Upward Home Loans
14319 Timbergreen Dr, Magnolia, TX 77355
2813571400
MJ Mortgage
33130 Magnolia Cir Suite 15, Magnolia, TX 77354
2816082846
Commercial Loans of Texas
26611 Weir Way, Magnolia, TX 77355
8778953634
Mortgage-Outfitters
33300 Egypt Ln # A700, Magnolia, TX 77354
8329342040
Joey Ishee - CMG Financial
33300 Egypt Ln Suite F300, Magnolia, TX 77354
8329227088
Home Loans of Texas - Mitchell Mortgage
32731 Egypt Ln Ste 501, Magnolia, TX 77354
7135452004
Mortgage Felicia
33300 Egypt Ln Suite F300, Magnolia, TX 77354
2817734676
Robert Greenleaf, Mortgage Lender
6018 FM 1488, Magnolia, TX 77354
7134090007
Mega Mortgage of Texas
5327 FM 1488, Magnolia, TX 77354
2812590400
A reverse mortgage specialist in Magnolia Texas can help homeowners aged 62 and older access home equity without monthly payments. Texas law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. These specialists guide clients through the unique rules of Texas Property Code Chapter 32 which governs reverse mortgages in the state.
What Does a Reverse Mortgage Specialist in Magnolia Cost?
Typical costs for a reverse mortgage in Texas include an origination fee up to 2 percent of the home value or $6,000 whichever is less. Other costs include a mortgage insurance premium of 2 percent of the appraised value plus annual premiums of 0.5 percent. Appraisal fees range from $400 to $800 and closing costs vary from $2,000 to $5,000. Total costs can range from $8,000 to $15,000 depending on the loan amount and property value. 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 Magnolia Texas?
You must be at least 62 years old to qualify for a reverse mortgage in Texas. All borrowers listed on the title must meet this age requirement.
Do I need to own my home free and clear to get a reverse mortgage in Texas?
No, you do not need to own your home free and clear. However you must have significant equity in the property. Existing mortgages or liens will be paid off from the loan proceeds at closing.
What types of reverse mortgages are available in Texas?
The most common type is the Home Equity Conversion Mortgage or HECM which is insured by the Federal Housing Administration. Texas also allows proprietary reverse mortgages for higher value homes. Both types must comply with Texas state law.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Texas.