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Find Reverse Mortgage Specialists Near You in Richmond, VA
Looking for a reverse mortgage specialist in Richmond? Review the directory below to compare your options.
20 agents listed
Updated May 2026
Richmond, 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 20 reverse mortgage specialists in Richmond, 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.
The Cowart Team of NFM Lending
1127 W Main St, Richmond, VA 23220
8043994333
Blake Bogese, NMLS ID# 1486989
5000 Monument Ave Suite 111, Richmond, VA 23230
8045865174
804Mortgage | William Schroeder | Real Estate and Mortgage Bundled
Richmond, VA 23220
8042831140
ALCOVA Mortgage | Midlothian, VA
1106 N Thompson St, Richmond, VA 23230
8045432009
The Burkett Team of Cross Country Mortgage
1127 W Main St A, Richmond, VA 23230
8048334303
River City Lending Team | Powered by Atlantic Bay Mortgage Group
1807 Libbie Ave Suite 102, Richmond, VA 23226
8045509551
MAK Financial Group Inc
210 Portland Pl, Richmond, VA 23221
8048973700
Briana Sparrow
1807 Libbie Ave suite 1, Richmond, VA 23226
8048780509
The Rudd Mortgage Team
2920 W Broad St Suite 248, Richmond, VA 23230
8049442393
James Bowry
8720 Stony Point Pkwy, Richmond, VA 23235
8048927320
ALCOVA Mortgage | Richmond, VA
8401 Mayland Dr suite r, Richmond, VA 23294
8045924072
ALCOVA Mortgage | Colonial Heights, VA
8401 Mayland Dr suite r, Richmond, VA 23294
8045204020
Home Loan Zone Inc
400 N Ridge Rd Suite 200, Richmond, VA 23229
8553405626
ALCOVA Mortgage | Richmond, VA
1906 N Hamilton St Suite C, Richmond, VA 23230
8044756532
Derek F. Alverson at Prosperity Home Mortgage - Richmond
5702 Grove Ave, Richmond, VA 23226
8772751762
Dominion Capital Mortgage, Inc.
3900 Westerre Pkwy #303, Richmond, VA 23233
8886070404
Liberty Mortgage Corporation
2501 Monument Ave, Richmond, VA 23220
8047083484
Arbor Home Loans | Richmond
308 Granite Ave, Richmond, VA 23226
8044673466
Dream House Virginia
701 N Courthouse Rd Suite 201, Richmond, VA 23236
8888043482
Professional Mortgage Corp.
1311 Highpoint Ave, Richmond, VA 23230
8043587929
A reverse mortgage specialist in Richmond Virginia helps homeowners aged 62 and older convert part of their home equity into cash. Virginia law requires borrowers to complete HUD-approved counseling before applying. Richmond residents can use these loans to pay for home repairs or supplement retirement income while staying in their homes.
What Does a Reverse Mortgage Specialist in Richmond Cost?
Typical costs for a reverse mortgage in Virginia 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 fees such as appraisal and title search. For a home valued at 300,000 dollars, total upfront costs can range from 8,000 to 15,000 dollars. Closing costs vary by lender and loan type. 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 Virginia requirements for a reverse mortgage?
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 agency before the loan can proceed. The home must be the borrower's primary residence.
How does a reverse mortgage affect Virginia estate planning?
In Virginia, the loan becomes due when the last borrower dies, sells the home, or moves out permanently. Heirs can repay the loan by selling the home or using other funds. If the home is sold, any remaining equity goes to the heirs.
Are reverse mortgage proceeds taxable in Virginia?
Loan proceeds from a reverse mortgage are not considered income by Virginia or federal tax authorities. They do not affect Social Security or Medicare benefits. However, interest on the loan is not tax deductible until the loan is paid off.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.