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Showing 2 reverse mortgage specialists in Heber City, UT
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Strategic Home Mortgage
494 S Main St Ste 320, Heber City, UT 84032
8556092313
Guild Mortgage - Thomas Stone
32 S Main St Suite 2, Heber City, UT 84032
4356549979
What Does a Reverse Mortgage Specialist in Heber City Cost?
Typical costs for a reverse mortgage specialist in Utah include origination fees of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and appraisal fees ranging from 400 to 600 dollars. Third-party costs such as title search and recording fees add 500 to 1,500 dollars. These costs vary by situation and loan type. 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 does a reverse mortgage specialist in Heber City do?
A reverse mortgage specialist helps you understand and apply for a Home Equity Conversion Mortgage. They explain eligibility, loan terms, and repayment options. They also coordinate with HUD-approved counselors as required by Utah law.
Are there age requirements for a reverse mortgage in Utah?
Yes, all borrowers must be at least 62 years old. This is a federal requirement for Home Equity Conversion Mortgages. The specialist will verify your age during the application process.
What are the property requirements for a reverse mortgage in Heber City?
The home must be your primary residence and meet HUD property standards. Acceptable property types include single-family homes, FHA-approved condos, and manufactured homes. The specialist can help confirm if your property qualifies.