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Find Reverse Mortgage Specialists Near You in Edmonds, WA
Looking for a reverse mortgage specialist in Edmonds? Review the directory below to compare your options.
7 agents listed
Updated May 2026
Edmonds, WA
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 7 reverse mortgage specialists in Edmonds, 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.
True Lending Company
123 2nd Ave S Suite 230, Edmonds, WA 98020
4252222000
Mortgage Lending Group LLC
123 2nd Ave S Suite 230, Edmonds, WA 98020
4252470153
CMG Home Loans
120 W Dayton St Suite B-6, Edmonds, WA 98020
2064127194
Infinity Mortgage Group
654 5th Ave S #300b, Edmonds, WA 98020
4256975955
Absolute Mortgage Edmonds Location
115 2nd Ave N #200, Edmonds, WA 98020
4252458898
Emmett Traynor
120 W Dayton St Suite B-6, Office 3, Edmonds, WA 98020
2064127194
Goldwire Mortgage, LLC
6622 128th St SW, Edmonds, WA 98026
2063883083
Reverse mortgage specialists in Edmonds, Washington help homeowners aged 62 and older convert part of their home equity into tax-free funds without selling their home. Washington state law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists in Edmonds can explain how Washington property tax deferral programs may interact with reverse mortgage proceeds.
What Does a Reverse Mortgage Specialist in Edmonds Cost?
Typical costs for a reverse mortgage in Washington include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the appraised value, and third-party fees such as appraisal ($400-$800) and title search ($150-$500). Washington state also charges a mortgage recording tax of about $1.50 per $1,000 of the loan amount. These costs can be 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 eligibility requirements for a reverse mortgage in Edmonds Washington?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the borrowers primary residence and meet FHA standards. Washington state also requires completion of a counseling session with a HUD-approved counselor before loan approval.
How does a reverse mortgage affect Washington homestead exemption?
A reverse mortgage does not eliminate the Washington homestead exemption, which protects up to $125,000 of equity from most creditors. However the loan becomes due when the borrower permanently moves out, sells the home, or passes away. The homestead exemption does not protect against foreclosure if loan obligations are not met.
Are reverse mortgage proceeds taxable in Washington state?
Reverse mortgage proceeds are considered loan advances, not income, so they are not taxable at the federal or Washington state level. However interest on the loan is not deductible until the loan is repaid. Borrowers should consult a tax professional for their specific situation.
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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 Washington.