Find Reverse Mortgage Specialists Near You in Plano, TX
Browse reverse mortgage specialists serving Plano, 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 20 reverse mortgage specialists in Plano, 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.
What Does a Reverse Mortgage Specialist in Plano Cost?
Typical costs for a reverse mortgage in Texas include an origination fee of up to 2 percent of the home value with a cap of 6 thousand dollars. Other costs include appraisal fees around 500 dollars and counseling fees of 125 to 250 dollars. Closing costs usually range from 2 thousand to 5 thousand dollars. These costs can be financed into the loan amount. 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 Plano Texas?
Borrowers must be at least 62 years old. If married and one spouse is under 62, that spouse may still be protected under Texas law as a non-borrowing spouse. The home must be the primary residence.
Do I need counseling before getting a reverse mortgage in Texas?
Yes Texas law requires a HUD-approved counseling session before you can apply. The counselor explains loan terms costs and alternatives. You receive a certificate that the lender must see before processing your loan.
Can a reverse mortgage affect my Texas property taxes?
Yes you must continue paying property taxes and homeowners insurance. Texas offers a tax deferral program for seniors that may help. A specialist can explain how to manage these payments to avoid default.