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Compare reverse mortgage specialists in Chaska. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Chaska, 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 2 reverse mortgage specialists in Chaska, 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.
New American Funding - Tanya Olson
121 3rd St W, Chaska, MN 55318
9522397454
New American Funding - Noel Stiller
121 W 3rd St, Chaska, MN 55318
6129878687
A reverse mortgage specialist in Chaska Minnesota helps homeowners aged 62 and older convert part of their home equity into tax-free funds. Minnesota law requires borrowers to complete a counseling session with a HUD-approved counselor before obtaining a Home Equity Conversion Mortgage. These loans are non-recourse, meaning the borrower will never owe more than the home is worth.
What Does a Reverse Mortgage Specialist in Chaska Cost?
Typical costs for a reverse mortgage in Minnesota include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees like appraisal and title work. These costs usually range from 2,000 to 8,000 dollars depending on the home value and loan type. All costs are financed into the loan so no upfront payment is required. This is general information and 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 Chaska Minnesota?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. Minnesota law does not add any additional age restrictions beyond federal HUD guidelines.
Is a reverse mortgage specialist required to be licensed in Minnesota?
Yes, reverse mortgage loan originators must be licensed through the Nationwide Multistate Licensing System. They must also follow Minnesota statutes on mortgage lending and disclosure requirements.
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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.