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 5 reverse mortgage specialists in Whitefish Bay, 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
629 E Silver Spring Dr Suites 207 & 208, Whitefish Bay, WI 53217
4146301873
Gustavo Alcantara NMLS #407993 - Cream City Mortgage
205 E Silver Spring Dr, Whitefish Bay, WI 53217
4142489248
Johnson Financial Group
5600 N Lake Dr STE 101, Whitefish Bay, WI 53217
4149616200
Mosaic Financial Partners - Northwestern Mutual
316 E Silver Spring Dr Suite #300, Whitefish Bay, WI 53217
4146151801
Johnson Financial Group: Allan Ripple, NMLS 552669
5600 N Lake Dr, Whitefish Bay, WI 53217
4149616221
What Does a Reverse Mortgage Specialist in Whitefish Bay Cost?
Typical costs for a reverse mortgage specialist in Wisconsin include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. For a home valued at 300,000 dollars, total closing costs often range from 8,000 to 15,000 dollars. 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 qualifications does a reverse mortgage specialist need in Whitefish Bay Wisconsin?
A reverse mortgage specialist in Wisconsin must hold a valid mortgage loan originator license through the Nationwide Multistate Licensing System. They must also complete annual continuing education on reverse mortgage rules. Wisconsin law requires that all borrowers receive independent counseling from a HUD-approved agency before a loan can be approved.
Are there Wisconsin-specific rules for reverse mortgages in Whitefish Bay?
Yes, Wisconsin law requires that lenders provide a clear disclosure of loan terms and costs at least three days before closing. The state also limits the total loan amount to the lesser of the appraised value or the FHA lending limit. Borrowers must be at least 62 years old and occupy the home as their primary residence.