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Compare Reverse Mortgage Specialists in Arden Hills, MN
Compare reverse mortgage specialists in Arden Hills. Review contact information and insurance categorys before you decide.
4 agents listed
Updated May 2026
Arden Hills, MN
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 Minnesota before hiring.
Showing 4 reverse mortgage specialists in Arden Hills, MN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Your Loan Partner Derek Lodermeier
1200 County Rd E #200, Arden Hills, MN 55112
6512092907
Lake Area Mortgage - A Division of Royal Credit Union
1200 County Rd E #200, Arden Hills, MN 55112
6512092900
Mark Svihel, Lake Area Mortgage
1200 County Rd E Suite 200, Arden Hills, MN 55112
6122097922
Ryan Colbert - Senior Mortgage Banker - NMLS #284290 - Lake Area Mortgage
1200 County Rd E Suite 200, Arden Hills, MN 55112
6513295835
A reverse mortgage specialist in Arden Hills, Minnesota helps homeowners aged 62 and older convert home equity into cash without monthly payments. In Minnesota, borrowers must complete a HUD-approved counseling session before obtaining a Home Equity Conversion Mortgage (HECM). Local specialists guide clients through the process, including property tax and insurance requirements specific to Ramsey County.
What Does a Reverse Mortgage Specialist in Arden Hills Cost?
Typical costs for a reverse mortgage specialist in Minnesota include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from $5,000 to $15,000 depending on the loan amount and property value. 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 does a reverse mortgage specialist in Arden Hills do?
A reverse mortgage specialist in Arden Hills helps seniors understand and apply for a Home Equity Conversion Mortgage (HECM). They explain eligibility, loan terms, and how the loan affects your home equity and estate.
What are the Minnesota requirements for a reverse mortgage?
In Minnesota, borrowers must be at least 62 years old and attend a HUD-approved counseling session. The home must be your primary residence, and you must keep up with property taxes, homeowners insurance, and home maintenance.
How long does the reverse mortgage process take in Minnesota?
The process in Minnesota typically takes 30 to 45 days from application to closing. This includes counseling, appraisal, and underwriting. Delays can occur if additional documentation is needed.
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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 Minnesota.