ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists Near You in Milton, WI
Compare reverse mortgage specialists in Milton. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Milton, WI
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 2 reverse mortgage specialists in Milton, 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.
First Community Bank
202 Merchant Row, Milton, WI 53563
6088687644
Bank of Milton
323 Parkview Dr, Milton, WI 53563
6088687672
A reverse mortgage specialist in Milton, Wisconsin helps homeowners aged 62 and older convert home equity into tax-free funds. Wisconsin law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists in Milton guide clients through the process, including property eligibility and loan repayment terms.
What Does a Reverse Mortgage Specialist in Milton Cost?
Typical costs for a reverse mortgage specialist in Wisconsin include an origination fee of up to 6,000 dollars, a mortgage insurance premium of 2 percent of the home value, and third-party costs like appraisal and title search totaling 500 to 1,500 dollars. Closing costs generally range from 2,000 to 8,000 dollars depending on loan size and property type. These costs can be financed into the loan. This is general information and does not constitute 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 Milton Wisconsin?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement under federal HECM rules. Wisconsin does not have additional age restrictions beyond federal guidelines.
Is a reverse mortgage in Wisconsin subject to state recording fees or taxes?
Yes, Wisconsin charges a mortgage recording fee of approximately 0.50 per 100 dollars of the loan amount. There is no state income tax on reverse mortgage proceeds because they are considered loan advances, not income.
Can I lose my home with a reverse mortgage in Milton?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Wisconsin law requires lenders to provide a notice of default and a 30-day cure period before foreclosure can begin.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Milton who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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 Wisconsin.