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Compare Reverse Mortgage Specialists in Montana City, MT
Compare reverse mortgage specialists in Montana City. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Montana City, MT
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 Montana before hiring.
Showing 2 reverse mortgage specialists in Montana City, MT
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Randy Hoag Rate Home Mortgage NMLS#1043618
11 Friendship Ln Suite 101, Montana City, MT 59634
4064599053
Rate
11 Friendship Ln Suite 101, Montana City, MT 59634
4063177001
Reverse mortgage specialists in Montana City help homeowners aged 62 and older convert home equity into tax-free funds. Montana law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Local specialists understand the unique housing market in Jefferson County and can guide you through the process.
What Does a Reverse Mortgage Specialist in Montana City Cost?
Typical costs for a reverse mortgage in Montana City 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 and title services. Total closing costs often range from 2,000 to 5,000 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 are the eligibility requirements for a reverse mortgage in Montana City?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Montana does not have additional state-specific eligibility rules beyond federal HECM requirements.
How does Montana law affect reverse mortgage proceeds?
Montana exempts reverse mortgage proceeds from state income tax. The funds are considered loan advances, not income, so they do not affect Social Security or Medicare benefits. However, you must still pay property taxes and homeowners insurance.
Can I lose my home with a reverse mortgage in Montana City?
You can lose your home if you do not pay property taxes, homeowners insurance, or maintain the property. Montana law requires lenders to provide a notice of default and a 30-day cure period before foreclosure. Counseling can help you understand these obligations.
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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 Montana.