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 Marysville, 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.
PrimeLending, A PlainsCapital Company - Marysville
16132 Smokey Point Blvd, Marysville, WA 98271
3607227600
Evergreen Home Loans Marysville 1124039
1702 3rd St, Marysville, WA 98270
3606535600
Sharon Crockett Mortgage Lender - Your Story Begins Here
16132 Smokey Point Blvd, Marysville, WA 98271
4253271451
Kira Truett Motto Mortgage Orca
9317 State Ave Suite A, Marysville, WA 98270
5202452366
Movement Mortgage Snohomish County-JoyBlodgett #856031
2704 171st Pl NE Ste 103, Marysville, WA 98271
4258795771
Bay Equity Home Loans
2730 172nd St NE, Marysville, WA 98271
2064171654
Lisa Tillotson, NMLS: 176462, PrimeLending
16132 Smokey Point Blvd, Marysville, WA 98271
4254227815
Nanci Denney Motto Mortgage Orca
9317 State Ave Suite A, Marysville, WA 98270
3606309000
Missy Mitchell Motto Mortgage Orca
9317 State Ave Ste A, Marysville, WA 98270
2532788056
What Does a Reverse Mortgage Specialist in Marysville Cost?
In Washington, typical costs for a reverse mortgage include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the homes value, and third-party fees such as appraisal ($400-$800) and title insurance ($1,000-$2,000). Total closing costs often range from $5,000 to $12,000. These costs can be financed into the loan so you pay nothing out of pocket. 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 eligibility requirements for a reverse mortgage in Marysville Washington?
You must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the home as your primary residence. The property must be a single-family home, a 2-4 unit property, or a HUD-approved condominium. Washington state law requires mandatory counseling from a HUD-approved agency.
How much can I borrow with a reverse mortgage in Marysville?
The amount depends on your age, the value of your home, and current interest rates. In 2024, the maximum claim amount for an FHA HECM is $1,089,300. Younger borrowers typically receive a smaller percentage of their homes value. A specialist can provide a personalized estimate.
Are reverse mortgage proceeds taxable in Washington state?
No, reverse mortgage proceeds are not considered income and are not subject to federal or Washington state income tax. However, interest on the loan is not deductible until you pay it back. Always consult a tax professional for your specific situation.