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Browse reverse mortgage specialists serving Fargo, North Dakota. Contact information and addresses listed below.
14 agents listed
Updated May 2026
Fargo, ND
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 North Dakota before hiring.
Showing 14 reverse mortgage specialists in Fargo, ND
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
A reverse mortgage specialist in Fargo North Dakota helps homeowners aged 62 and older convert home equity into tax-free funds. North Dakota law requires that borrowers receive HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists guide clients through the process and explain how loan repayment works when the home is sold or the borrower moves out.
What Does a Reverse Mortgage Specialist in Fargo Cost?
Typical costs for a reverse mortgage specialist in North Dakota include origination fees up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party fees such as appraisal and title search ranging from $500 to $1,500. Annual servicing fees may apply. These costs are often financed into the loan rather than paid upfront. 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 Fargo ND?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the borrower's primary residence. North Dakota law does not impose additional state-specific eligibility rules beyond federal HUD requirements.
How does the counseling requirement work for North Dakota reverse mortgages?
Before applying for a reverse mortgage in North Dakota, borrowers must complete a counseling session with a HUD-approved counselor. This session covers loan terms costs and alternatives. The counselor provides a certificate that the lender must receive before processing the loan.
Are reverse mortgage proceeds taxable in North Dakota?
Reverse mortgage proceeds are generally not considered taxable income by the IRS or the state of North Dakota. However, interest on the loan is not tax deductible until the loan is repaid. Borrowers should consult a tax professional for their specific situation.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the North Dakota.