Business Details
21 Years
experience
Trusted Reverse Mortgage Services in Rockwall, TX
Lone Star Reverse Mortgage has been serving Texas senior homeowners for nearly two decades, specializing in reverse mortgage solutions that empower clients to convert home equity into financial freedom. Founded on principles of integrity and transparency, our team prioritizes personalized guidance over sales pressure, ensuring clients fully understand their options before proceeding. With over 750 Texas-specific reverse mortgage loans completed, we combine deep local expertise with federal HECM program knowledge to navigate complex regulations.Our BBB A+ rating and client testimonials reflect our commitment to ethical practices, including upfront cost disclosures and mandatory HUD counseling compliance. We focus exclusively on Texas homeowners, leveraging state-specific protections like cooling-off periods while maintaining accountability through annual financial assessments and property tax/insurance monitoring.
Services
Reverse Mortgage Loans
Home Equity Conversion
Financial Counseling
Loan Processing
Property Appraisal
HUD Compliance Guidance
Texas Law Compliance
Senior Financial Planning
Mortgage Education
Post-Loan Support
Details
- Year established: 2005
Highlights and features
- We have 17+ years of Texas-specific reverse mortgage experience
- We provide honest, non-commission-based guidance without sales pressure
- We maintain a BBB A+ rating for ethical business practices
- We specialize exclusively in Texas reverse mortgages
- We offer lifetime client support post-loan completion
Associations and certifications
- BBB A+
What people say
Knowledgeable professionals
Transparent communication
Timely responses
Compassionate guidance
Expertise in Texas laws
Services
Reverse Mortgage Loans
Reverse mortgage loans allow Texas homeowners aged 62+ to convert home equity into cash without monthly payments. This non-recourse loan preserves home ownership while providing financial flexibility through lump sums, monthly payments, or credit lines. Repayment occurs when the homeowner sells, moves, or passes away.
Home Equity Conversion
Home equity conversion transforms property value into liquid assets for Texas seniors. This process involves federal HECM program compliance, property appraisals, and financial assessments to determine eligibility. Funds can be used for debt consolidation, medical expenses, or retirement income supplementation while maintaining property ownership.
Financial Counseling
Mandatory HUD-approved counseling ensures clients understand reverse mortgage implications. Our process includes explaining loan terms, financial obligations, and long-term impacts on estate planning. This education helps seniors make informed decisions about using home equity as retirement income.
Loan Processing
Our streamlined loan processing handles documentation, underwriting, and closing for Texas reverse mortgages. We coordinate appraisals, title searches, and compliance checks while maintaining communication throughout the 30-45 day average processing timeline. Post-closing support remains available for client questions.
Texas Law Compliance
Texas-specific compliance includes adherence to state-mandated cooling-off periods, affidavit requirements, and financial assessments. We ensure all loans meet Texas Department of Savings and Mortgage Lending regulations while educating clients about their rights and responsibilities under state law.
People
Brenda Bejarano
Owner / Loan Officer
With 17+ years in reverse mortgages, Brenda specializes in Texas senior financial solutions. She combines personal experience from helping her parents with industry expertise to provide ethical guidance. Holds NMLS #190460 and maintains active HUD counseling certification.
Bob Worley
Owner / Loan Officer
Co-owner with extensive Texas mortgage experience. Focuses on ensuring compliance with state-specific regulations while maintaining personalized client service. Works closely with seniors to explain complex loan terms in accessible language.
Debbie Worley
Loan Officer
Senior loan officer with specialized training in reverse mortgage financial assessments. Provides detailed explanations of loan impacts on Social Security and Medicare eligibility while ensuring clients understand long-term financial implications.
Questions
What is a reverse mortgage?
A reverse mortgage allows Texas homeowners 62+ to convert home equity into cash without monthly payments. The loan is repaid when the home sells or owner moves out.
How does a Texas reverse mortgage differ from other states?
Texas requires additional protections including mandatory counseling, cooling-off periods, and financial assessments to ensure borrower understanding of loan obligations.
Can I lose my home with a reverse mortgage?
Homeowners retain title but must maintain property taxes, insurance, and upkeep. Failure to meet these obligations could result in loan repayment requirements.
What happens to my heirs?
Heirs can keep the home by repaying the loan balance or 95% of appraised value. Any remaining equity after repayment belongs to the estate.
How are funds received?
Choose lump sum, monthly payments, or credit line. Payment options can be combined and adjusted based on changing financial needs during the loan term.
Does credit score affect eligibility?
While credit history is reviewed, eligibility primarily depends on age, home equity, and ability to maintain property obligations rather than traditional credit scoring.
