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Compare reverse mortgage specialists in Prosper. Review contact information and insurance categorys before you decide.
12 agents listed
Updated May 2026
Prosper, 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 Prosper, 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.
Justin Hill - Eagle Mortgage Company - NMLS# 2009477
202 S Coleman St Suite 300A, Prosper, TX 75078
8173609527
Frendly
2770 W First St Ste 20, Prosper, TX 75078
9727779820
Caprock Home Loans
130 N Preston Rd, Prosper, TX 75078
9729848662
Chris Goodman, SWBC Mortgage
130 N Preston Rd Ste. 235, Prosper, TX 75078
9722654520
Victory Mortgage- Jill Burt
4000 Old Rosebud Ln, Prosper, TX 75078
2145428550
Jubillee Lending Group LLC
130 N Preston Rd #361, Prosper, TX 75078
8775598080
Young Lending - Mortgage Broker - Prosper Texas
130 N Preston Rd Suite 130-422, Prosper, TX 75078
2149072682
Supreme Lending
212 E Broadway St, Prosper, TX 75078
9724795125
Star Lending Group
1011 Deer Run Ln, Prosper, TX 75078
2145782065
Horizon Lending Services, LLC
291 S Preston Rd Suite #940, Prosper, TX 75078
9032259881
Private Mortgage Group
130 N Preston Rd Ste 318, Prosper, TX 75078
4693330462
Under Par Mortgage, LLC
1611 St Claire Ct, Prosper, TX 75078
9727543801
A reverse mortgage specialist in Prosper, Texas helps homeowners aged 62 and older convert part of their home equity into tax-free funds. Texas has specific state laws regarding reverse mortgages, including mandatory counseling and a three-day rescission period after closing. Specialists guide clients through the process, ensuring compliance with Texas Finance Code requirements.
What Does a Reverse Mortgage Specialist in Prosper Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from 2,000 to 8,000 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 requirements for a reverse mortgage in Prosper Texas?
Borrowers must be at least 62 years old. If married, the younger spouse must also meet the age requirement to be a co-borrower. Texas law does not allow exceptions to this age rule.
Is counseling required before getting a reverse mortgage in Texas?
Yes, Texas law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must occur before the loan application is submitted. The counselor explains the loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Prosper Texas?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Texas law requires lenders to set aside funds from the loan to cover these costs. You must also continue living in the home as your primary residence.
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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.