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 Utah before hiring.
Showing 6 reverse mortgage specialists in Riverton, 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.
Community Lending Group
1262 W 12700 S ste a, Riverton, UT 84065
8006511696
The Snarr Team - Sunrise Lending Company
12401 S 450 E f1, Riverton, UT 84065
8018643349
Princeton Mortgage
2331 W 12600 S, Riverton, UT 84065
8013049700
CloseYour Mortgage
1273 W 12600 S Suite 404, Riverton, UT 84065
8018095204
The Mortgage Partner Inc
13032 S Redwood Rd Suite 3, Riverton, UT 84065
8013020100
Brent Jensen | CloseYour Mortgage LLC
1273 W 12600 S, Riverton, UT 84065
8014192977
What Does a Reverse Mortgage Specialist in Riverton Cost?
Typical costs for a reverse mortgage in Utah include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party fees such as appraisal ($400 to $800) and title insurance ($500 to $1,500). Closing costs usually range from $2,000 to $8,000 depending on loan size. These costs are often 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 and property requirements for a reverse mortgage in Riverton Utah?
You must be at least 62 years old and own your home outright or have a small remaining balance. The property must be your primary residence and meet FHA standards. Condos and manufactured homes may qualify if they meet specific HUD requirements.
How does a reverse mortgage affect my Utah property taxes?
A reverse mortgage does not change your property tax obligation. You must continue paying property taxes and homeowners insurance. Utah offers a Property Tax Deferral program for seniors that can be used alongside a reverse mortgage.
Can I lose my home with a reverse mortgage in Utah?
You can lose your home if you fail to pay property taxes or homeowners insurance, or if you stop living in the home as your primary residence. Utah law requires lenders to give you a 30-day notice before foreclosure. You can avoid this by meeting all loan terms.