ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists in Rapid City, SD
Browse reverse mortgage specialists serving Rapid City, South Dakota. Contact information and addresses listed below.
20 agents listed
Updated May 2026
Rapid City, 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 20 reverse mortgage specialists in Rapid City, 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.
Affiliated Mortgage - Premier Home Loan Lender
1301 W Omaha St Suite 118, Rapid City, SD 57701
6057189820
Blue Ribbon Mortgage and Investments
2025 Jackson Blvd, Rapid City, SD 57702
6053438087
Hannah Beachem - Granite Mortgage
219 Founders Park Dr Suite 3, Rapid City, SD 57702
6052092809
Luke Dye
909 St Joseph St Seventh Floor, Rapid City, SD 57701
6054305613
Amber Matt - Mortgage Loan Officer
902 Main St, Rapid City, SD 57701
6059395911
Angelia Dale - Gateway Mortgage
343 Quincy St Unit 102, Rapid City, SD 57701
6056462024
Josh Campbell
Seventh Floor, 909 St Joseph St, Rapid City, SD 57701
6058004111
USA Mortgage | Laci Sosa
550 N 5th St Ste 314, Rapid City, SD 57701
6056909005
Omni Home Financing
1508 Mt Rushmore Rd, Rapid City, SD 57701
6053918777
Heritage Home Lending, LLC
1219 St Joseph St Suite 200, Rapid City, SD 57701
6053401339
Spencer Gossel
909 St Joseph St Seventh Floor, Rapid City, SD 57701
909 St Joseph St Seventh Floor, Rapid City, SD 57701
6052198056
A reverse mortgage specialist in Rapid City helps homeowners aged 62 and older convert home equity into tax-free funds. South Dakota law requires all reverse mortgage originators to hold a state license and follow federal HUD guidelines. Local specialists understand Rapid City market conditions and can explain how property values in Pennington County affect loan amounts.
What Does a Reverse Mortgage Specialist in Rapid City Cost?
Typical costs for a reverse mortgage in South Dakota include an origination fee of up to 6000 a mortgage insurance premium of 2 percent of the home value and third-party fees for appraisal title and recording. Total closing costs often range from 8000 to 15000. These costs are usually financed into the loan rather than paid upfront. 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 Rapid City South Dakota?
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. South Dakota does not have a state-specific age requirement beyond the federal minimum.
Do I have to pay property taxes on a reverse mortgage in South Dakota?
Yes you must continue to pay property taxes and homeowners insurance. South Dakota law does not exempt reverse mortgage borrowers from these obligations. Failure to pay taxes can lead to loan default and foreclosure.
How much can I borrow with a reverse mortgage in Rapid City?
The amount depends on your age the appraised value of your home and current interest rates. For a typical Rapid City home valued at 350000 a 70 year old borrower might qualify for approximately 180000 to 220000. Younger borrowers receive lower amounts.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Rapid City who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
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 South Dakota.