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 Stoughton, 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.
Edward Jones - Financial Advisor: Thomas M Fendrick
1609 US-51 138 Ste 102, Stoughton, WI 53589
6088738502
Thrivent - Terry Niedfeldt
417 W Main St #3, Stoughton, WI 53589
6088733910
Edward Jones - Financial Advisor: Jessica L Knutson, CFP®|AAMS®
400 W Main St, Stoughton, WI 53589
6088737131
What Does a Reverse Mortgage Specialist in Stoughton Cost?
Typical costs for a reverse mortgage in Wisconsin include an origination fee up to 6000 dollars a mortgage insurance premium of 2 percent of the appraised value and third-party fees like appraisal title and recording costs which range from 500 to 3000 dollars. Closing costs vary by lender and loan amount. 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 Stoughton Wisconsin?
Borrowers must be at least 62 years old. All owners on the title must meet this age requirement unless a non-borrowing spouse exception applies under Wisconsin law.
Do I need counseling before getting a reverse mortgage in Wisconsin?
Yes Wisconsin law requires all reverse mortgage applicants to complete HUD-approved counseling. The counseling session covers loan terms costs and alternatives. You must receive a certificate of completion before the loan can proceed.
Can I lose my home with a reverse mortgage in Stoughton?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Wisconsin law requires lenders to provide clear disclosures about these obligations. The loan becomes due if you move out permanently or sell the home.