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Find Reverse Mortgage Specialists in Dell Rapids, SD
Looking for a reverse mortgage specialist in Dell Rapids? Review the directory below to compare your options.
3 agents listed
Updated May 2026
Dell Rapids, SD
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 South Dakota before hiring.
Showing 3 reverse mortgage specialists in Dell Rapids, SD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Dell Rapids Realty, LLC - Cody Burggraff
107 Prospect Ave, Dell Rapids, SD 57022
6053519437
First Interstate Bank
408 N Hwy 77, Dell Rapids, SD 57022
6054283076
Edward Jones - Financial Advisor: Cory Van Duyn, CFP®|AAMS®
1403 N Hwy 77 Suite 4, Dell Rapids, SD 57022
6054284009
Reverse mortgage specialists in Dell Rapids help homeowners aged 62 and older convert home equity into loan proceeds. South Dakota law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. These specialists can guide you through the process and explain how a reverse mortgage affects your property taxes and estate planning under South Dakota state statutes.
What Does a Reverse Mortgage Specialist in Dell Rapids Cost?
Typical costs for a reverse mortgage in South Dakota include an origination fee of up to 2% of the first $200,000 of home value plus 1% of the amount above that, a mortgage insurance premium of 2% of the appraised value, and third-party fees such as appraisal and title search. Total closing costs often range from $5,000 to $12,000 depending on the home value and lender. 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 age requirements for a reverse mortgage in Dell Rapids?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement to qualify for a Home Equity Conversion Mortgage.
Do I need counseling before getting a reverse mortgage in South Dakota?
Yes, federal law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session explains the loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Dell Rapids?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. South Dakota law does not provide additional protections beyond federal HECM rules.
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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 South Dakota.