ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists Near You in Richardson, TX
Directory of reverse mortgage specialists in Richardson, Texas. Verify credentials with the state state mortgage licensing authority before hiring.
7 agents listed
Updated June 2026
Richardson, 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 State Mortgage Licensing Authority of Texas before hiring.
Showing 7 reverse mortgage specialists in Richardson, 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.
A reverse mortgage specialist in Richardson Texas helps homeowners aged 62 and older convert home equity into loan proceeds. Texas law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Specialists in Richardson understand local property values and can explain how a reverse mortgage affects your estate and heirs.
What Does a Reverse Mortgage Specialist in Richardson Cost?
Typical costs for a reverse mortgage in Texas include an origination fee of up to 2 percent of the loan amount, a mortgage insurance premium of 2 percent of the home value, and third-party fees for appraisal, title search, and recording. These fees can range from 2000 to 8000 dollars depending on the property value and loan size. Costs vary by case and lender. 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 is a reverse mortgage and how does it work in Texas?
A reverse mortgage allows homeowners 62 or older to borrow against home equity without monthly payments. In Texas, the loan must be repaid when the last borrower moves out, sells the home, or passes away. The borrower still owns the home and must pay property taxes and insurance.
Are there specific Texas laws for reverse mortgages?
Yes, Texas law requires a mandatory counseling session with a HUD-approved counselor before you can apply. The state also limits the loan amount to the appraised value of the home. Additionally, Texas has a three-day right of rescission after closing.
How do I choose a reverse mortgage specialist in Richardson?
Look for a specialist who is licensed in Texas and has experience with HECM loans. Ask about their knowledge of Richardson real estate trends and local closing procedures. Verify their credentials with the Texas Department of Savings and Mortgage Lending.
Reverse Mortgage Specialists in Other Texas Cities
Get matched with agents in Richardson who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a law firm, mortgage referral service, or legal advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state state mortgage licensing authority association before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state 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 State Mortgage Licensing Authority of Texas.