1. Home
  2. Reverse Mortgages

Find the Best Reverse Mortgage Lenders in Green Bay, WI

Many people nearing their 60s in Green Bay are looking for options to maximize their financial security in retirement. Reverse mortgages provide an opportunity for older homeowners to use the equity in their home to supplement their monthly income. We researched the best reverse mortgage lenders in Green Bay so residents can strengthen their financial freedom during retirement.

Quick and easy.

Get a Reverse Mortgage partner recommendation.

Compare Top Reverse Mortgage Lenders

Finance of America Reverse
Overall satisfaction rating
  • 15+ years of experience
  • Price-match guarantee
  • Available in Green Bay
  • No originiation fees

Prepare for retirement with us!

Learn More (218) 282-4772 Read More
Liberty Reverse Mortgage
Overall satisfaction rating
  • No upfront fees
  • Fixed & variable rates
  • Wholesale lending options
  • Available in Green Bay

Provides HECM and HECM for Purchase loans. Properties must meet FHA’s requirements to be eligible. Offers a promise for competitive rates. Loan closings within 60 days and financing for processing and loan fees available.

Learn More (866) 268-5369 Read More
American Advisors Group (AAG)
  • BBB accredited company
  • 97% customer satisfaction
  • Available in Green Bay
  • Free info kit online

Prepare for retirement with us!

Learn More (855) 299-1519 Read More
Cornerstone Mortgage
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • csm-wi.com
1830 W. Mason St., Ste. 1
Green Bay, WI 54303
(920) 429-1500
Fairway Independent Mortgage Company
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • fairwayindependentmc.com
2301 Riverside Dr., Ste. B9
Green Bay, WI 54301
(920) 437-3247

How to get a reverse mortgage in Green Bay

Green Bay Skyline

Green Bay’s real estate market has shown signs of warming, adding to home values. And with the number of people in Green Bay age 65 and older expected to double to one-quarter of the population in the next two decades, according to state figures, there could be more residents who could benefit from a reverse mortgage.

What is a reverse mortgage? It is a loan against home equity, with the homeowner borrowing from a reverse mortgage company. But the borrower does not make monthly payments to repay the loan. Instead, the loan is not repaid until the homeowner sells, moves or dies.

A Home Equity Conversion Mortgage, or HECM, which is insured by the federal government, is the most common type of reverse mortgage. There are also private loans, known as proprietary reverse mortgages.

While there are some exceptions, generally the loan does not need to be repaid until the last person on the deed is deceased, you no longer reside in the home or loan terms are not being met. At that point, the home can be sold to pay back the loan. If that is undesirable to heirs, there are other options they can pursue.

To qualify for a reverse mortgage, you generally need to meet the following requirements:

  • Be 62 years of age or older.
  • Have your house paid off, or very nearly paid off.
  • Live in the home and maintain it.
  • Be able to cover all home expenses, such as property taxes and insurance.

Be prepared to incur some costs as you pursue a reverse mortgage, such as closing costs and mandatory counseling costs. Often those costs can be lumped into the loan so your out-of-pocket expenses are minimal.

Lenders will require an assessment before you are approved to ensure you are financially able to meet the maintenance requirements of a reverse mortgage and pay for home expenses. In all, the process to obtain a reverse mortgage can take up to a few months.

Reverse Mortgages Reviews

Finance of America Reverse

This top-ranking reverse mortgage lender makes it a priority to earn and keep your trust. Finance of America Reverse has plenty to offer: lump sum, tenure payment and line of credit options; an average closing time of 30 days; and award-winning customer service. According to customers in Green Bay, if you’re unsure of what something means, the team at FAR will go out of their way to explain it to you.

Finance of America Reverse Learn More (218) 282-4772

Liberty Reverse Mortgage

As one of the country’s largest reverse mortgage providers, Liberty Reverse Mortgage has worked with more than 50,000 seniors since 2003, and all of that experience has led to their reputation as industry experts. Offering HECMs and a promise to match or beat all competitors, this lender is an industry favorite. Customers say they love the responsiveness and personal attention provided by Liberty Reverse Mortgage representatives.

Liberty Reverse Mortgage Learn More (866) 268-5369

American Advisors Group (AAG)

This award-winning company prides itself on a 97 percent customer satisfaction rating from in-house surveys. American Advisors Group offers HECMs and an expert staff to assist with the process every step of the way. Customers say that although sometimes the process takes longer than they had hoped, it works out in the end and is well worth the wait.

American Advisors Group (AAG) Learn More (855) 299-1519