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 5 reverse mortgage specialists in Port Neches, 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 Wagner Team at Canopy Mortgage - #SETXMortgageGuys
2002 Magnolia Ave Ste 1C, Port Neches, TX 77651
(409) 540-5653
setxmortgageguy.com
The Wood Group of Fairway Independent Mortgage Corp.
1002 Magnolia Ave Suite E, Port Neches, TX 77651
(409) 571-4760
woodgroupsetx.com
Edward Jones - Financial Advisor: Devin Harley, AAMS®
2848 Nall St Suite B, Port Neches, TX 77651
(409) 727-3037
edwardjones.com
Edward Jones - Financial Advisor: Olin G Clotiaux
3124 Nall St Ste C, Port Neches, TX 77651
(409) 729-0907
edwardjones.com
What Does a Reverse Mortgage Specialist in Port Neches Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 2% of the home value (capped at $6,000), a mortgage insurance premium of 2% of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from $2,500 to $8,000. These costs vary by case and loan type. 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 requirements for a reverse mortgage in Port Neches Texas?
Borrowers must be at least 62 years old. All owners on the title must meet this age requirement. Texas law also requires that the home be the borrower's primary residence.
Do I need counseling before getting a reverse mortgage in Texas?
Yes. Texas law mandates that all reverse mortgage applicants complete a counseling session with a HUD-approved counselor. This session must occur before you submit your loan application.
Are reverse mortgages regulated differently in Texas compared to other states?
Yes. Texas has specific statutes under the Texas Constitution that govern reverse mortgages. For example, Texas law limits the origination fee and requires a 3-day right of rescission after closing.