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Showing 2 reverse mortgage specialists in Wolfforth, 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.
Hub City Lending
9002 F M 1585 H, Wolfforth, TX 79382
8665203481
Aaron Garrett - Mortgage Lender - NMLS#1594370
301 Ranger St, Wolfforth, TX 79382
8065353756
What Does a Reverse Mortgage Specialist in Wolfforth Cost?
Reverse mortgage costs in Texas typically 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 costs like appraisal and title search. These fees can range from 2000 to 8000 depending on the loan amount and lender. Texas law caps certain fees and requires full disclosure of all costs. 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 Wolfforth Texas?
You must be at least 62 years old to qualify for a reverse mortgage in Texas. All borrowers listed on the title must meet this age requirement. Spouses under 62 may have limited protections under Texas law.
Do I need counseling for a reverse mortgage in Texas?
Yes Texas law requires a HUD approved counseling session before you can apply for a reverse mortgage. The counselor will explain loan terms costs and alternatives. This session must be completed within 30 days before you submit your application.
Can I lose my home with a reverse mortgage in Wolfforth?
You can lose your home if you fail to pay property taxes or homeowners insurance or if you do not maintain the property. Texas law requires lenders to verify your ability to meet these obligations before closing. You must continue living in the home as your primary residence.