Reverse mortgage in Wisconsin
Wisconsin lenders, loan locations and counselors, taken from HUD's own loan records.
- A year saw 199 HECMs close in Wisconsin
- Median home value HUD counted: $332,000
- Mutual of Omaha Mortgage Most HECMs in the state of Wisconsin (43)
HUD's HECM data shows 199 Wisconsin HECMs closed between September 2025 and August 2026, 0.8% of the 24,529 loans nationwide. Wisconsin ranks 29th most of the 50 states and DC.
Among these, 2 bought a home using a HECM for Purchase, 21 refinanced a prior HECM, 1 chose a fixed rate and 3 hit the $1,249,125 limit on value.
Wisconsin HECMs compared with the national figures
The final two rows come from the calculator.
| Wisconsin | Against all HECMs | |
|---|---|---|
| HECMs closed | 199 | 0.8% of all 24,529 |
| Median home value counted | $332,000 | $108,000 less |
| Median principal limit | $142,296 | $51,876 less |
| Principal limit as a share of value | 41.6% | 1.8 points lower |
| Median expected rate | 5.75% | 0.125 points lower |
| HECM for Purchase | 1% | 4.5 points lower |
| Refinanced HECMs | 10.6% | 0.3 points lower |
| Lenders with a loan here | 17 | of 34 nationwide |
| Remaining at age 70 after costs, median home, no mortgage | $112,692 | $38,848 less |
| Usable in the first year at age 70 | $61,431 | $22,173 less |
Wisconsin HECM lenders ranked by loan count
In Wisconsin, 17 lenders sponsored HECMs. The top three lenders, Mutual of Omaha Mortgage, followed by Finance of America Reverse and Longbridge Financial, accounted for 122 of the 199 loans (61%). Use the national ranking to make the comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 |  | 43 | 21.6% |
| 2 | Finance of America Reverse | 40 | 20.1% |
| 3 | Longbridge Financial | 39 | 19.6% |
| 4 |  | 19 | 9.5% |
| 5 | Guild Mortgage | 10 | 5% |
| 6 |  | 9 | 4.5% |
| 7 | CalCon Mutual Mortgage | 9 | 4.5% |
| 8 | South River Mortgage | 8 | 4% |
| 9 |  | 7 | 3.5% |
| 10 | PHH Mortgage | 4 | 2% |
Local lenders and brokers that made HECMs in Wisconsin
Wisconsin HECM applications went to 36 companies. Aside from the national names above, these companies originated the most: Loandepot.com (9), West Capital Lending (3), Jet Direct Funding (2), Cornerstone Mortgage (2), Caliver Beach Mortgage (2), Waterstone Mortgage (1), Us Mortgage (1) and Smart Financial Services (1). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Places where Wisconsin HECMs were made
Milwaukee County came first with 25 of the 199 loans, while Dane had 15. Milwaukee (10), Madison (9), Green Bay (7), Kenosha (6) and Oshkosh (5) were the cities with the most. City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Milwaukee | 25 | 12.6% |
| Dane | 15 | 7.5% |
| Waukesha | 11 | 5.5% |
| Brown | 10 | 5% |
| Kenosha | 9 | 4.5% |
| Racine | 9 | 4.5% |
HUD-approved counselors for reverse mortgages in Wisconsin
Wisconsin has 4 reverse mortgage counseling agencies on HUD's list, located in 4 cities. You can find their phone numbers in HUD's counselor search page.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Beloit, WI | Neighborworks Blackhawk Region - Nhs of Beloit | phone | English |
| Eau Claire, WI | Western Dairyland Economic Opportunity Council | phone, in person, video, group | Sign language, English, Hmong, Spanish |
| Green Bay, WI | Neighborworks Green Bay | phone, in person, video, online | English, Spanish |
| Milwaukee, WI | Housing Resources, Incorporated | phone, in person, video, online | English, Spanish |
Help for older homeowners on Wisconsin property taxes
In Wisconsin, WHEDA provides property tax deferral loans aimed at elderly homeowners; no age or income limit appears on this page. DOR Property Tax Relief Credits.
Who oversees reverse mortgage lenders in Wisconsin
The Mortgage Banking division of the Department of Financial Institutions regulates mortgage bankers and mortgage brokers in Wisconsin. DFI Mortgage Banking General Information.
Source: the HUD HECM portfolio snapshot, covering September 2025 through August 2026. Every state.