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Compare Reverse Mortgage Specialists in Lake Stevens, WA
Looking for a reverse mortgage specialist in Lake Stevens? Review the directory below to compare your options.
4 agents listed
Updated May 2026
Lake Stevens, 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 4 reverse mortgage specialists in Lake Stevens, 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.
OC Home Loans Inc. - Lance Morgan NMLS 742281
12934 22nd Pl NE, Lake Stevens, WA 98258
4255460620
1st Reverse Mortgage USA
702 87th Ave SE, Lake Stevens, WA 98258
8772170166
US Bank Mortgage
Lake Stevens, WA 98258
8008722657
Melissa Boswell - Chase Home Lending Advisor - NMLS ID 765490
9009 Market Pl NE, Lake Stevens, WA 98258
6025583847
A reverse mortgage specialist in Lake Stevens, Washington helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Washington state law requires borrowers to complete a HUD-approved counseling session before obtaining a Home Equity Conversion Mortgage (HECM). Specialists in Lake Stevens can guide you through the unique local housing market and Washington-specific regulations.
What Does a Reverse Mortgage Specialist in Lake Stevens Cost?
Typical costs for a reverse mortgage specialist in Washington include an origination fee (up to 2% of the home value, capped at $6,000), a mortgage insurance premium (2% of the appraised value upfront plus 0.5% annually), and third-party fees for appraisal, title search, and recording (usually $1,000 to $3,000 total). Closing costs in Lake Stevens generally range from $5,000 to $10,000 but vary by loan size and lender. 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 age requirements for a reverse mortgage in Lake Stevens Washington?
Borrowers must be at least 62 years old. For a HECM loan, all borrowers listed on the title must meet this age requirement. Washington state follows federal HUD guidelines for age eligibility.
Do I need to own my home free and clear to qualify for a reverse mortgage in Lake Stevens?
No, you do not need to own your home free and clear. You must have significant equity, and any existing mortgage or liens must be paid off with the reverse mortgage proceeds. Washington state law does not impose additional equity requirements beyond federal HUD rules.
What counseling is required for a reverse mortgage in Washington state?
Washington state requires all borrowers to complete a counseling session with a HUD-approved counselor before applying for a reverse mortgage. The session covers loan terms, costs, and alternatives. You can find a counselor through the HUD website or by calling a local housing agency in Lake Stevens.
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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.