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Reverse Mortgage Specialists in New Richmond, WI

Directory of reverse mortgage specialists in New Richmond, Wisconsin. Verify credentials with the state mortgage licensing authority before hiring.

7 agents listed
Updated May 2026
New Richmond, WI
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 7 reverse mortgage specialists in New Richmond, 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.
loanDepot
245C S Knowles Ave, New Richmond, WI 54017
7159036700
FNC Bank
109 E 2nd St, New Richmond, WI 54017
7152466901
Jesse Kvitek - Thrivent
460 S Knowles Ave, New Richmond, WI 54017
7152466800
Edward Jones - Financial Advisor: Tyson B Lybeck, CFP®|AAMS®
1448 Hamilton Ave, New Richmond, WI 54017
7152463887
Edward Jones - Financial Advisor: Jill Steenis, CFP®|CEPA®|ABFP®|AAMS®
1448 Hamilton Ave, New Richmond, WI 54017
7152460790
Edward Jones - Financial Advisor: Christopher W Chandler, WMCP®|AAMS®
1448 Hamilton Ave, New Richmond, WI 54017
7152469052
St Croix Financial
248 S Knowles Ave, New Richmond, WI 54017
7152442060

A reverse mortgage specialist in New Richmond, Wisconsin helps homeowners aged 62 and older access home equity through a Home Equity Conversion Mortgage (HECM). In Wisconsin, borrowers must complete a counseling session with a HUD-approved agency before applying. Local specialists can guide you through the process and explain how Wisconsin property tax deferral programs may interact with your loan.

What Does a Reverse Mortgage Specialist in New Richmond Cost?

Typical costs for a reverse mortgage in Wisconsin include an origination fee (up to $6,000), a mortgage insurance premium (2% of the appraised value upfront plus 0.5% annually), appraisal fees ($400 to $800), and closing costs ($1,500 to $3,000). Total costs often range from $8,000 to $15,000, but they can be financed into the loan. This is general information and does not constitute 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 New Richmond Wisconsin?
You must be at least 62 years old to qualify for a reverse mortgage in Wisconsin. All borrowers listed on the title must meet this age requirement. Non-borrowing spouses have certain protections under federal rules.
Do I need to own my home free and clear to qualify in New Richmond?
No, you do not need to own your home free and clear. You can have an existing mortgage, but the reverse mortgage proceeds must pay off that loan first. The amount you can borrow depends on your home value and current interest rates.
Are reverse mortgage proceeds taxable in Wisconsin?
Reverse mortgage proceeds are not considered taxable income by the IRS or the state of Wisconsin. However, they may affect eligibility for certain means-tested benefits like Medicaid or Supplemental Security Income. Consult a benefits advisor for your specific situation.