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Compare Reverse Mortgage Specialists in Blacksburg, VA
Browse reverse mortgage specialists serving Blacksburg, Virginia. Contact information and addresses listed below.
14 agents listed
Updated May 2026
Blacksburg, VA
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 Virginia before hiring.
Showing 14 reverse mortgage specialists in Blacksburg, VA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Bank of the James - New River Valley
800 S Main St, Blacksburg, VA 24060
5409537023
ALCOVA Mortgage | Blacksburg, VA
103 Professional Park Dr, Blacksburg, VA 24060
5405527150
First Residential Mortgage
1344 N Main St, Blacksburg, VA 24060
5408385868
First Heritage Mortgage, LLC - Blacksburg
1901 S Main St STE 8, Blacksburg, VA 24060
5408084484
Embrace Home Loans-Virginia - Blacksburg
401 S Main St STE 103, Blacksburg, VA 24060
5405524446
The Wimmer Team at First Heritage Mortgage, LLC
1901 S Main St STE 8, Blacksburg, VA 24060
5404495485
David Marone at Prosperity Home Mortgage - Blacksburg
3601 Holiday Ln, Blacksburg, VA 24060
5407505875
Sam Albimino
200 Professional Park Dr, Blacksburg, VA 24060
5403150985
Marianne Washington
200 Professional Park Dr STE 8, Blacksburg, VA 24060
5405953465
Movement Mortgage - Shawn Allen
1344 N Main St, Blacksburg, VA 24060
5404493502
Residential Mortgage Services, Inc.
1470 S Main St Ste 112, Blacksburg, VA 24060
5403928825
Movement Mortgage
200 Professional Park Dr STE 8, Blacksburg, VA 24060
5405953465
Amanda Rogers NMLS ID# 1584328
103 Professional Park Dr, Blacksburg, VA 24060
4346093462
Roger S Perkins - Truist Mortgage Loan Officer
902 Prices Fork Rd, Blacksburg, VA 24060
5408081204
A reverse mortgage specialist in Blacksburg Virginia helps homeowners aged 62 and older convert home equity into cash without monthly payments. Virginia law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Blacksburg residents often use these funds for home repairs medical expenses or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Blacksburg Cost?
Reverse mortgage costs in Virginia typically include an origination fee up to 2 percent of the home value a mortgage insurance premium of 2 percent upfront plus 0.5 percent annually and third-party fees for appraisal title and recording. Total closing costs often range from 3000 to 8000 depending on the home value. These costs are usually financed into the loan so you pay little out of pocket. 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 eligibility requirements for a reverse mortgage in Blacksburg Virginia?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet FHA property standards. Virginia law also requires you to complete a counseling session with a HUD-approved counselor.
How does Virginia law affect reverse mortgage proceeds?
Virginia does not tax reverse mortgage loan proceeds as income. The funds are considered loan advances not earnings. However you must still pay property taxes and homeowners insurance on the home.
Can a reverse mortgage specialist help with Virginia specific issues?
Yes a specialist can explain how Virginia homestead exemption laws may affect your property tax liability. They can also help you understand local Blacksburg zoning rules and how a reverse mortgage interacts with Virginia estate planning.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, 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 Virginia.