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Compare Reverse Mortgage Specialists in Lake Tapps, WA

Compare reverse mortgage specialists in Lake Tapps. Review contact information and insurance categorys before you decide.

2 agents listed
Updated May 2026
Lake Tapps, 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 2 reverse mortgage specialists in Lake Tapps, 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.
MPH Enterprises, LLC dba Turn Two Mortgage 2226396
16515 45th St Ct E, Lake Tapps, WA 98391
2539511225
Integrity Mortgage Solutions, LLC
18529 Driftwood Dr E, Lake Tapps, WA 98391
2538631019

A reverse mortgage specialist in Lake Tapps, Washington helps homeowners aged 62 and older convert part of their home equity into cash without selling their home. Washington state law requires all reverse mortgage originators to be licensed and to provide borrowers with a detailed disclosure of loan terms and costs. Lake Tapps residents benefit from specialists familiar with local property values and the specific requirements of FHA-insured Home Equity Conversion Mortgages.

What Does a Reverse Mortgage Specialist in Lake Tapps Cost?

Typical costs for a reverse mortgage in Washington include an origination fee of up to 2% of the first $200,000 of home value plus 1% of the amount above $200,000, a mortgage insurance premium of 2% of the appraised value, and third-party fees such as appraisal ($400 to $800), title search ($200 to $500), and recording fees. Total closing costs generally range from $5,000 to $10,000. 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 qualifications does a reverse mortgage specialist in Lake Tapps need?
In Washington, a reverse mortgage specialist must hold a valid mortgage loan originator license through the Nationwide Multistate Licensing System. They must also complete continuing education specific to reverse mortgages and comply with Washington Revised Code Chapter 31.04, which governs loan originator conduct.
Are there any counseling requirements before getting a reverse mortgage in Washington?
Yes, Washington law requires all borrowers to receive counseling from a HUD-approved independent housing counseling agency before applying for a reverse mortgage. This session must be completed at least 7 days before the loan application is signed and ensures the borrower understands the loan terms and obligations.