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Find Reverse Mortgage Specialists Near You in Schofield, WI
Browse reverse mortgage specialists serving Schofield, Wisconsin. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Schofield, 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 3 reverse mortgage specialists in Schofield, 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.
Mammoth Mortgage: Adam Karcz, Mortgage Broker NMLS #917109
1050 Grand Ave, Schofield, WI 54476
7152194673
Herb Lessmiller
928 Grand Ave, Schofield, WI 54476
7155703260
Herbert Lessmiller At AP Mortgage
928 Grand Ave, Schofield, WI 54476
7155703260
A reverse mortgage specialist in Schofield, Wisconsin helps homeowners aged 62 and older convert part of their home equity into cash. Wisconsin law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists in Schofield guide clients through this process and explain how the loan affects property taxes and estate planning in Marathon County.
What Does a Reverse Mortgage Specialist in Schofield Cost?
Typical costs for a reverse mortgage 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 and title services. Total closing costs often range from 2,000 to 6,000 dollars depending on the property value and loan type. 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 age requirements for a reverse mortgage in Schofield Wisconsin?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. The home must be the borrower's primary residence.
Do I need counseling before getting a reverse mortgage in Wisconsin?
Yes. Wisconsin law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session explains loan terms, costs, and alternatives. The counselor will provide a certificate that the lender must receive before processing the loan.
Can I lose my home with a reverse mortgage in Schofield?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Wisconsin law does not allow the lender to take the home as long as you meet these obligations. The loan becomes due when you move out permanently or pass away.
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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 Wisconsin.