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Find Reverse Mortgage Specialists Near You in Potomac Falls, VA
Compare reverse mortgage specialists in Potomac Falls. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Potomac Falls, 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 3 reverse mortgage specialists in Potomac Falls, 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.
Potomac Mortgage Advisors
46169 Westlake Dr STE 100, Potomac Falls, VA 20165
7034068200
Yogesh Arora - Loan Officer
46169 Westlake Dr STE 100, Potomac Falls, VA 20165
7033464659
Russ Harvey at Potomac Mortgage Advisors
46169 Westlake Dr STE 100, Potomac Falls, VA 20165
7035054408
A reverse mortgage specialist in Potomac Falls Virginia helps homeowners aged 62 and older convert home equity into tax-free funds. Virginia law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Potomac Falls residents benefit from specialists who understand local property values and the specific requirements of Loudoun County.
What Does a Reverse Mortgage Specialist in Potomac Falls Cost?
Typical costs for a reverse mortgage in Virginia include an origination fee up to $6,000 a mortgage insurance premium of 2% of the home value and third-party fees like appraisal and title search. Total closing costs often range from $5,000 to $15,000 depending on the loan amount and property. These costs are usually financed into the loan. This is general information and 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 requirements for a reverse mortgage in Virginia?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. Virginia law mandates a counseling session with a HUD-approved counselor before you can apply. The home must be your primary residence.
How much can I borrow with a reverse mortgage in Potomac Falls?
The amount depends on your age the value of your home and current interest rates. In Virginia the maximum claim amount for a HECM is $1,089,300 as of 2024. A specialist can give you a personalized estimate based on your situation.
Are reverse mortgage proceeds taxable in Virginia?
Reverse mortgage proceeds are not considered income for federal or Virginia state tax purposes. However you must still pay property taxes and homeowners insurance. Interest on the loan is not deductible until you pay it back.
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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.