Find Reverse Mortgage Specialists Near You in Seguin, TX
Directory of reverse mortgage specialists in Seguin, Texas. Verify credentials with the state state mortgage licensing authority before hiring.
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 4 reverse mortgage specialists in Seguin, TX
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A reverse mortgage specialist in Seguin Texas can help homeowners aged 62 and older access home equity without monthly payments. Texas law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Specialists in Seguin guide clients through the Texas-specific homestead rules and loan disbursement options.
What Does a Reverse Mortgage Specialist in Seguin Cost?
Typical costs for a reverse mortgage specialist in Texas include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third-party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. The HUD counseling fee is usually 125 to 150 dollars. These costs can be financed into the loan. 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 Seguin Texas?
Borrowers must be at least 62 years old. If married, a non-borrowing spouse under 62 may still live in the home after the borrowing spouse passes away under certain HUD rules.
Do I need to own my home free and clear to get a reverse mortgage in Texas?
No. You can have an existing mortgage but must have enough equity to pay it off with the reverse mortgage proceeds. Texas law also requires the home to be your primary residence.
What counseling is required for a reverse mortgage in Texas?
Texas requires borrowers to complete a HUD-approved counseling session before applying. This session covers loan terms costs and alternatives. The counselor must be independent from the lender.