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Compare Reverse Mortgage Specialists in Monona, WI
Compare reverse mortgage specialists in Monona. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Monona, 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 3 reverse mortgage specialists in Monona, 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.
Providence Home Lending
2800 Royal Ave, Monona, WI 53713
6082272000
Nations Lending - Monona, WI Branch - NMLS: 2315342
5008 Gordon Ave, Monona, WI 53716
6082985195
Kyle McManners with Nations Lending (NMLS #506802)
100 River Pl #1, Monona, WI 53716
6082985154
A reverse mortgage specialist in Monona Wisconsin helps homeowners aged 62 and older convert home equity into tax free funds. Wisconsin law requires borrowers to complete a HUD approved counseling session before obtaining a reverse mortgage. Monona residents benefit from local specialists who understand Dane County property values and Wisconsin homestead laws.
What Does a Reverse Mortgage Specialist in Monona Cost?
Typical costs for a reverse mortgage in Wisconsin include an origination fee of up to 2 percent of the home value or $6,000 whichever is less. Other costs include a HUD counseling fee of about $125 to $250, an appraisal fee of $400 to $600, and mortgage insurance premiums of 2 percent of the home value upfront plus 0.5 percent annually. Closing costs and third party fees vary by lender and loan type. 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 Monona Wisconsin?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet HUD property standards. Wisconsin law also requires you to attend a mandatory counseling session with a HUD approved counselor.
How does a reverse mortgage affect my heirs in Wisconsin?
Heirs can keep the home by paying off the loan balance or selling the property. If the loan balance exceeds the home value, heirs are not liable for the difference under Wisconsin law. Heirs have 30 days after receiving notice to decide whether to pay off the loan or sell the home.
Are reverse mortgage proceeds taxable in Wisconsin?
Reverse mortgage proceeds are not considered income for federal or Wisconsin state tax purposes. However, interest on the loan is not deductible until you pay it back. You should consult a tax professional for advice specific to your 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 Wisconsin.