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Find Reverse Mortgage Specialists Near You in Coon Rapids, MN
Looking for a reverse mortgage specialist in Coon Rapids? Review the directory below to compare your options.
9 agents listed
Updated May 2026
Coon Rapids, 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 9 reverse mortgage specialists in Coon Rapids, 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.
A reverse mortgage specialist in Coon Rapids, Minnesota helps homeowners aged 62 and older access home equity without monthly payments. Minnesota law requires borrowers to complete HUD-approved counseling before obtaining a reverse mortgage. Specialists in Coon Rapids guide clients through the process, including eligibility, loan terms, and repayment obligations under state and federal rules.
What Does a Reverse Mortgage Specialist in Coon Rapids Cost?
Typical costs for a reverse mortgage in Coon Rapids include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value upfront plus 0.5 percent annually, and third-party fees such as appraisal (400 to 600 dollars) and title insurance (500 to 1,000 dollars). Counseling costs 125 to 250 dollars. Total closing costs usually range from 2,500 to 8,000 dollars. These amounts vary by loan type 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 is a reverse mortgage specialist in Coon Rapids?
A reverse mortgage specialist is a licensed professional who helps seniors in Coon Rapids understand and apply for reverse mortgages. They explain loan options, costs, and Minnesota-specific requirements such as mandatory counseling and property tax deferral programs.
What are the age and property requirements for a reverse mortgage in Minnesota?
Borrowers must be at least 62 years old and own a primary residence in Coon Rapids. The property must be a single-family home, a 2-4 unit property with one unit occupied by the borrower, or a HUD-approved condominium. Manufactured homes may qualify if they meet FHA standards.
Are there Minnesota-specific laws for reverse mortgages?
Yes, Minnesota requires borrowers to complete a HUD-approved counseling session before applying. The state also allows borrowers to defer property taxes through the Minnesota Property Tax Deferral Program, which can help manage ongoing costs. Lenders must follow the Minnesota Reverse Mortgage Act, which sets disclosure and advertising rules.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.