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 8 reverse mortgage specialists in Racine, 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.
OneMain Financial
2215 Lathrop Ave, Racine, WI 53405
2626334040
Chase Home Lending
5815 21st St, Racine, WI 53406
9178410255
Small Business Lender Racine WI
601 Lake Ave, Racine, WI 53403
2624193661
US Bank Mortgage
4701 Washington Ave, Racine, WI 53406
8008722657
Wintrust Mortgage
5005 Washington Ave, Racine, WI 53406
2628333370
Russell Ruegger-U.S. Bank Mortgage
4701 Washington Ave, Racine, WI 53406
2626388025
Brandy Stork - Mortgage Loan Officer
4708 Northwestern Ave, Racine, WI 53406
2625545821
Chase Mortgage
4930 Douglas Ave, Racine, WI 53402
2626814265
What Does a Reverse Mortgage Specialist in Racine Cost?
Typical costs for a reverse mortgage specialist in Wisconsin include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Third party costs such as appraisal title search and recording fees range from 1000 to 3000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. These costs can be financed into the loan. 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 Racine Wisconsin?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement for a HECM reverse mortgage in Wisconsin.
Do I need 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. This session must happen before you can submit a loan application.
Can I lose my home with a reverse mortgage in Racine?
You can lose your home if you fail to pay property taxes or homeowners insurance or if you do not maintain the property. Wisconsin law allows the lender to foreclose if these obligations are not met.