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 Wisconsin before hiring.
Showing 20 reverse mortgage specialists in Madison, 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.
Fairway Independent Mortgage Corporation
4750 S Biltmore Ln, Madison, WI 53718
8669124800
Guild Mortgage - Ryan Smith
345 W Washington Ave Suites 326, 327, 331, 333, Madison, WI 53703
6082345117
Mike A Zilli | Fairway Independent Mortgage Corporation Loan Officer
5940 Seminole Centre Ct #310, Madison, WI 53711
6083184671
Guild Mortgage - Joe Long
345 W Washington Ave Suites 326, 327, 331, 333, Madison, WI 53703
6087295379
Bell Bank Mortgage, Jason Weber
5571 Odana Rd, Madison, WI 53719
6083451138
Thompson Kane Mortgage Loans
8040 Excelsior Dr # 100, Madison, WI 53717
6088332400
Guild Mortgage - Dave Grauwels
345 W Washington Ave Suites 326, 327, 331, 333, Madison, WI 53703
6082345118
Select One Mortgage
1111 Deming Way, Madison, WI 53717
6088265626
Transparent Mortgage Solutions - Ritchie Baumann NMLS# 957614
2921 Landmark Pl Ste. 215 #375, Madison, WI 53713
2627543331
Mad City Home Loans | Rob Miller | Powered by ProVisor, Inc.
8446 Excelsior Dr Ste 2, Madison, WI 53717
6082272002
Craig Schauer - Wintrust Mortgage
8040 Excelsior Dr, Madison, WI 53717
6088191165
Educated Mortgage Services
5315 Wall St Suite 270, Madison, WI 53718
6088345000
Lee Kampa at Nations Lending (NMLS #506770)
4253 Argosy Ct Suite A, Madison, WI 53714
6082255939
Joan M Sergenian | Fairway Home Mortgage Corporation Loan Officer
4750 S Biltmore Ln Ste A, Madison, WI 53718
6082198949
Patrick Averill
8040 Excelsior Dr # 100, Madison, WI 53717
6088332427
Wintrust Mortgage - Dave Leeder
8040 Excelsior Dr, Madison, WI 53717
6085167028
SueAnne Boyum at Prosperity Home Mortgage - Madison
4706 Cottage Grove Rd, Madison, WI 53716
8772751762
Kim Trainor at Prosperity Home Mortgage - Madison
2985 Triverton Pike Dr Suite 200, Madison, WI 53711
8772751762
Guild Mortgage Company
1001 Fourier Dr Ste 101 A, Madison, WI 53717
6086620860
Guild Mortgage Company
345 W Washington Ave Suites 326, 327, 331, 333, Madison, WI 53703
6082345117
What Does a Reverse Mortgage Specialist in Madison Cost?
Typical costs for a reverse mortgage specialist in Wisconsin include an origination fee of up to 2 percent of the home value or 6000 dollars whichever is less. Third-party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Wisconsin also charges a state mortgage recording tax of 0.30 per 100 dollars of the loan amount. These costs can be financed into the loan. This is general information 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 and property requirements for a reverse mortgage in Madison Wisconsin?
Borrowers must be at least 62 years old and own a primary residence in Wisconsin. The home must be a single-family property, a HUD-approved condominium, or a manufactured home that meets FHA standards. Madison homeowners must also occupy the property as their principal residence.
Do I need to attend counseling before getting a reverse mortgage in Wisconsin?
Yes, Wisconsin law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. The session covers loan terms, costs, and alternatives. Madison residents can attend in person or by phone with a local counseling agency.
Can a reverse mortgage affect my Wisconsin property taxes or Medicaid eligibility?
A reverse mortgage does not change your property tax liability in Wisconsin. You must still pay property taxes and homeowners insurance. The loan proceeds may affect Wisconsin Medicaid eligibility if they push total assets above program limits. Consult a financial advisor for your specific situation.