Reverse Mortgage Counseling

NHS of Southwest Wisconsin provides independent, objective, confidential information to homeowners considering a reverse mortgage.  A Home Equity Conversion Mortgage (HECM) is an Federal Housing Administration (FHA) insured reverse mortgage requiring a counseling session.

NHS has a certified counselor on staff to provide the counseling and certificate required for a HECM.  Counseling is available face-to-face or over the telephone and does not obligate you to apply for a reverse mortgage.

During the counseling session, your counselor will:

  • Provide loan estimates based on your age and the value of your home
  • Show you how to understand and compare the estimates you receive from lenders
  • Explain the requirements, costs, and benefits of a reverse mortgage
  • Review your budget and discuss long range ability to continue to live in your home
  • Explore other options that might be available to you

Contact NHSSW for more information or to schedule an appointment with a certified counselor.
A counseling fee of $125.00 applies only if a reverse mortgage is obtained and can be financed into the closing costs.

Additional Resources:

  • HUD: U.S. Department of Housing and Urban Development:
  • AARP: Association for the Advancement of Retired Persons:
  • FTC: Federal Trade Commission:
  • NCOA: National Commission on Aging:
  • Reverse Mortgage, A Good Option for Me?