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Showing 2 reverse mortgage specialists in Little Chute, WI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
BLC Community Bank
206 E Main St, Little Chute, WI 54140
9207884141
GO Mortgage - Fox Valley
300 Patriot Dr, Little Chute, WI 54140
9207889608
What Does a Reverse Mortgage Specialist in Little Chute Cost?
Typical costs for a reverse mortgage in Wisconsin include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. These can range from 2000 to 6000 dollars depending on the loan amount and property value. 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 age requirements for a reverse mortgage in Little Chute Wisconsin?
Borrowers must be at least 62 years old. All homeowners on the title must meet this age requirement. The home must be the primary residence.
Is counseling required for a reverse mortgage in Wisconsin?
Yes. Wisconsin law mandates that all borrowers receive counseling from a HUD-approved agency before applying. This session covers loan terms, costs, and alternatives.
What types of homes qualify for a reverse mortgage in Little Chute?
Single-family homes, HUD-approved condominiums, and manufactured homes that meet FHA standards qualify. The property must be in good condition and pass an FHA appraisal.