• Nichole Fox

The Reverse Mortgage Loan Process

The mortgage professionals at Freedomstar Financial are dedicated to making sure that your loan transaction is smooth from start to finish.

Step 1: Consult with a Freedomstar Financial Reverse Mortgage Representative

The first step is to understand your needs. Our professionals take the time to answer any and all questions. We analyze your situation as a whole and then walk you through a free, no obligation, snapshot of the scenario(s) that are right for you.

Step 2: HUD required Counseling

HUD requires all reverse mortgage loan applicants to undergo reverse mortgage counseling. Freedomstar Financial supports and encourages this counseling, so that you feel 100% comfortable with the process.

Step 3: Application

While you are undergoing counseling, your Freedomstar Financial Reverse Mortgage Loan Officer will assist you with the application and understanding what documents are needed, as well as answer any questions that might arise.

Step 4: Processing & Approval

During this time, Freedomstar Financial will schedule an appraisal and assist you with gathering any documents you might need.

Step 5: Closing:

If approved, a closing agent will contact you to sign the final documents and make arrangements for you to receive your funds.

If you would like to find out how much you qualify for, call the professionals at Freedomstar Financial at 888-659-0033 or request a quote online.

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(888) 659-0033

©2020 by Freedomstar Financial, Inc. 

 All Rights Reserved. We are not affiliated with any government agencies, including the VA, FHA, or HUD.   CA - Loans will be made or arranged pursuant to Bureau of Real Estate License #01984665; CO Mortgage Company Registration 100054512, Regulated by the Division of Real Estate; Florida MBR License #2065. GA Residential Mortgage Licensee; Mortgage Lender License #70335. Regulated by the Bureau of Financial Institutions, Virginia Mortgage Lender License and Mortgage Broker License #MC-7043.  Click on these links to access our Privacy Policy. Licenses, and NMLS Consumer Access - NMLS #1439059. This offer is intended for residents of CA, CO, FL, GA, TX, and VA only.

Freedomstar Financial, Inc. | 111 Deerwood Drive, Ste 200 | San Ramon, CA | 94583
518 N. Chelton, Ste 200 | Colorado Springs, CO | 80909

*Product offered is a loan and lender will place a lien on subject property. Borrower is responsible for paying property taxes, homeowner's insurance and home maintenance. Loan is subject to foreclosure for failure to pay taxes and insurance to maintain the property and to comply with loan terms. Loan Officers' primary objective is to provide a loan to the consumer. Individuals portrayed in photography are not actual borrowers.