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 State Mortgage Licensing Authority of South Dakota before hiring.
Showing 20 reverse mortgage specialists in Rapid City, SD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Affiliated Mortgage - Premier Home Loan Lender
1301 W Omaha St Suite 118, Rapid City, SD 57701
(605) 718-9820
affiliatedsd.com
Blue Ribbon Mortgage and Investments
2025 Jackson Blvd, Rapid City, SD 57702
(605) 343-8087
blueribbonmortgage.com
Hannah Beachem - Granite Mortgage
219 Founders Park Dr Suite 3, Rapid City, SD 57702
(605) 209-2809
granitebank.com
Angelia Dale - Gateway Mortgage
343 Quincy St Unit 102, Rapid City, SD 57701
(605) 646-2024
gatewayfirst.com
USA Mortgage | Laci Sosa
550 N 5th St Ste 314, Rapid City, SD 57701
(605) 690-9005
southdakotahomeloans.com
Heritage Home Lending, LLC
1219 St Joseph St Suite 200, Rapid City, SD 57701
(605) 340-1339
heritagehomelendingsd.com
Rapid Mortgage LLC - Mark Abrams
2050 W Main St Suite 1, Rapid City, SD 57702
(605) 391-3895
mark-abrams.com
Rapid Mortgage, LLC - Jake Killinger - Mortgage Broker - NMLS#2094911
1211 Mt Rushmore Rd, Rapid City, SD 57701
(217) 725-3682
loanswithjake.com
Rapid Mortgage, LLC - Samantha McCully, Mortgage Broker NMLS#528830
2050 W Main St Suite 1, Rapid City, SD 57702
(605) 430-2960
samanthamccully.com
Jesse Herrington - Mortgage Originator - NMLS 833002
1219 St Joseph St, Rapid City, SD 57701
(605) 484-3591
heritagehomelendingsd.com
What Does a Reverse Mortgage Specialist in Rapid City Cost?
Typical costs for a reverse mortgage in South Dakota include an origination fee of up to 6000 a mortgage insurance premium of 2 percent of the home value and third-party fees for appraisal title and recording. Total closing costs often range from 8000 to 15000. These costs are usually 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 Rapid City South Dakota?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. South Dakota does not have a state-specific age requirement beyond the federal minimum.
Do I have to pay property taxes on a reverse mortgage in South Dakota?
Yes you must continue to pay property taxes and homeowners insurance. South Dakota law does not exempt reverse mortgage borrowers from these obligations. Failure to pay taxes can lead to loan default and foreclosure.
Reverse Mortgage Specialists in Other South Dakota Cities
Aberdeen · Brookings · Dell Rapids · Sioux Falls · Watertown