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 Washington before hiring.
Showing 9 reverse mortgage specialists in Anacortes, WA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Guild Mortgage Company
3014 Commercial Ave A, Anacortes, WA 98221
3602931006
CrossCountry Mortgage - Team Martin
301 Commercial Ave, Anacortes, WA 98221
3607707358
Esther Spence Crabb at Cornerstone Home Lending | NMLS# 117289
3119 Commercial Ave, Anacortes, WA 98221
8557234663
WaFd Bank
1017 Commercial Ave, Anacortes, WA 98221
3602935181
Andrew Velin, Mortgage Advisor
1010 5th St #240, Anacortes, WA 98221
3602096351
Guild Mortgage - Andrya Corral
3014 Commercial Ave A, Anacortes, WA 98221
3604214982
Clarissa Wong at CrossCountry Mortgage
301 Commercial Ave Suite 301, Anacortes, WA 98221
3603123238
Kara Gonzalez - Banner Bank VP Residential Loan Officer
1400 Commercial Ave, Anacortes, WA 98221
3608555431
Jessica Nguyen - Banner Bank Residential Loan Officer
1400 Commercial Ave, Anacortes, WA 98221
3604204192
What Does a Reverse Mortgage Specialist in Anacortes Cost?
Typical costs for a reverse mortgage specialist in Washington 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 for appraisal and title search. Total closing costs often range from 5,000 to 10,000 dollars but vary by loan amount and property value. 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 is a reverse mortgage specialist in Anacortes?
A reverse mortgage specialist is a licensed loan officer or broker who handles Home Equity Conversion Mortgages (HECMs) for seniors. They guide clients through the application process, explain terms, and ensure compliance with Washington state regulations.
Are there age requirements for a reverse mortgage in Washington?
Yes, all borrowers must be at least 62 years old. This is a federal requirement for HECM loans, which are the most common type of reverse mortgage in Anacortes.
What counseling is needed before getting a reverse mortgage in Washington?
Washington state requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must occur before the loan application is submitted and covers costs, alternatives, and obligations.