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Texas Reverse Mortgage Directory
Texas Reverse Mortgage Specialists
Welcome to the Texas reverse mortgage state directory. The following reverse mortgage brokers and lenders offer reverse mortgages and other loan solutions in the state of Texas. Please contact a specialist below for additional details and program offerings. You may also read more about Texas reverse mortgages a little further down the page. Please Contact Us with any questons.
National Reverse Mortgages
MetLife Reverse Mortgage Specialist
Originally from the UK, Mark has lived here for 22 yrs now, and loves it. Mark is a New Jersey reverse mortgage broker, but is able to service all 50 states. He is also a proud member of the SLN (Senior Lending Network with Robert Wagner) and the NAIPC (National Aging In Place Council.) He provides an excellent level of service and is available to answer any reverse mortgage questions... Read More
Mark Draper - Reverse Mortgage Specialist
501 Route 22 West
Bridgewater, NJ 08807
Tel - 732-318-4162 | Toll-free - 800-607-0366
Email | Website
Texas Reverse Mortgage Lender
MidCountry Mortgage, a division of MidCountry Bank
Pete Gottschalk is a Texas Reverse Mortgage specialist solely devoted to Reverse Mortgages. With 12 years of experience and connections to some of the top Reverse Mortgage Lenders in the nation, you can be sure your mortgage will be handled with the utmost professionalism at a very competitive price.
Pete Gottschalk
MidCountry Mortgage, a division of MidCountry Bank
Toll Free: 1-866-515-5817
Email
| Website
Texas Reverse Mortgages
Senior Reverse Mortgage Services
Norman Williams, with Senior Reverse Mortgage Services, is a Registered Financial Consultant, a Licensed Mortgage Broker, as well as a Certified Senior Adviser. Norman is a proud member of the AARP and his reverse mortgage company is a member of the Better Business Bureau.... Read More
Norman Williams - Senior Reverse Mortgage Services
312 Harwood Rd.
Bedford, Texas 76021
Tel: 817-686-4900 | Toll-free: 877-528-4429 | Fax: 817-686-4902
Email | Website
Melinda Hipp
Legacy mutual is a full service mortgage compnay, who specializes in Reverse Mortgages with the help of local expert Melinda Hipp. With years of experience, they are a name you can trust for a Texas reverse mortgage... Read More
Legacy Mutual - Reverse Mortgage in Texas
2526 N Loop 1604 West, STE. 150
San Antonio, Texas 78248
Tel: (210) 492-4900 ext 202 | Toll-free: 1-877-492-4900
Email | Website
Reverse Mortgage of Texas
Texas’ premier reverse mortgage company. They only do Reverse Mortgages for Texans and they do them very well. They have been in business since 2001, when reverse mortgages were first approved in Texas. You can also get a $200 credit towards your appraisal... Read More
Sunny Hoppe - Reverse Mortgage of Texas
1700 Redbud Blvd. Suite 310
McKinney, TX 75069
Tel - 972.784.8400 | Toll-free - 1.866.784.7300
Email | Website
About Reverse Mortgages in Texas
If there is more month left over at the end of your money, then like many seniors, you may be "House rich, but cash poor." This term was coined because largest asset, the house, does not offer them any cash flow. A Texas reverse mortgage can solve this issue, easily and safely. The reverse mortgage has become a safety net for many Texas seniors, needing a little more retirement income. A reverse mortgageis a unique home loan that allows the borrower to draw out some of the homes equity, without paying this money back as long as you live in the home. The loan has to be repaid when you sell the home, or when the yougest borrower passes away. The Texas reverse mortgage is actually a goverment administerd loan. It is sponsored by HUD (The dDepartment of Housing and Urban Devellopment) and is insured by the FHA (Federal Housing Administration.) Texas reverse mortgage proceeds may be paid to you in one large lump sum, in monthly payments, or be they may be keot in an interest bering account until the funds are needed. You decide when you draw them out, and you actually earn money on the balance until you need it. The product was created to assist seniors during the sometimes lean retirement years and for many has been "God send." There are specific rules regarding the Texas reverse mortgage. Some of these are listed below.
Texas Reverse Mortgage Requirements:
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
Texas Reverse Mortgage Loan Amounts
The amount of a reverse mortgage loan is based on several factors.
- >> Age of the youngest borrower
- >> Value of the home
- >> How much is owed on the home (if any)
- >> Current interest rate
We process reverse mortgage loans throughout the country and we would be happy to discuss a Texas reverse mortgage with you. We can walk you through the process and identify a solution for you. For more information on reverse mortgages in Texas, please request your Reverse Mortgage Quote today. The information is free and there is no obligation. You may also return to the Reverse Mortgage homepage.
We service reverse mortgages across all of Texas. Below are just some of the cities we service.
Reverse Mortgages in Denton County, TX., El Paso Reverse Mortgage Services, Dallas Reverse Mortgage Services, Bedford Reverse Mortgages, Houston Reverse Mortgage Services, Corpus Christi Reverse Mortgage Services, Austin Reverse Mortgage Services, San Antonio Reverse Mortgage Services, Longview, TX. Reverse Mortgages, Tyler, TX. Reverse Mortgages, Fort Worth Reverse Mortgage Services, DFW Reverse Mortgage Services, Wichita Falls, TX. Reverse Mortgages, Texarkana, TX. Reverse Mortgages, Waco Reverse Mortgage Services, killeen, TX. Reverse Mortgages, Laredo, TX. Reverse Mortgages, Abilene Reverse Mortgage Services, Midland Odessa Reverse Mortgages, Lubbock Reverse Mortgage Services, Amarillo Reverse Mortgage Services
Dallas, TX. Area Reverse Mortgages
Richardson - Plano - Addison - Grapevine - Coppell - Carrollton - Farmers Branch - Irving - Euless - Garland Denton - North Richland Hills - Flower Mound - Lewiisville - Arlington
Houston, TX. Area Reverse MOrtgages
Katy - Sugar Land - The Woodlands - Kingwood - Clear Lake - Galveston - Baytown - Beaumont - Channellview - Richmond/rosenburg Missouri City - Stafford - Spring - Pasadena - Humble - Atascocita - Alvin - Lake Jackson - Freeport - League City Texas City - Conroe - Wharton - Victoria
