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Looking for a reverse mortgage specialist in Eagan? Review the directory below to compare your options.
11 agents listed
Updated May 2026
Eagan, 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 11 reverse mortgage specialists in Eagan, 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.
Wintrust Mortgage Enda Moore NMLSR# 1044631
1519 Central Pkwy, Eagan, MN 55121
6512714413
loanDepot
1895 Plaza Dr # 100, Eagan, MN 55122
6513587950
Sharmain Tesmer with Fairway Home Mortgage
1895 Plaza Dr, Eagan, MN 55122
7634431018
Michael Hulse
1335 Corporate Center Curve #240, Eagan, MN 55121
6124191376
MLP Home Mortgage Inc.
1335 Corporate Center Curve Suite 240, Eagan, MN 55121
6512469944
Aaron Vang Team | Fairway Independent Mortgage
1895 Plaza Dr #250, Eagan, MN 55122
6127025651
Mortgages By Noone, LLC
708 Stonewood Rd, Eagan, MN 55123
6125581522
Kelvin Kaemingk - loanDepot
1895 Plaza Dr # 100, Eagan, MN 55122
6512312500
Chris Miller at Edge Home Finance - MN Mortgage Experts
A reverse mortgage specialist in Eagan, Minnesota can help homeowners aged 62 and older convert part of their home equity into tax-free funds. Minnesota law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Local specialists can guide you through this process and explain how a reverse mortgage may affect your estate and heirs.
What Does a Reverse Mortgage Specialist in Eagan Cost?
Typical costs for a reverse mortgage in Minnesota include an origination fee of up to 2 percent of the first 200,000 dollars of the home value plus 1 percent of the amount above 200,000 dollars, capped at 6,000 dollars. Other costs include a mortgage insurance premium of 2 percent of the appraised value, appraisal fees (400 to 800 dollars), and closing costs (2,000 to 5,000 dollars). These costs can be financed into the loan. 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 are the eligibility requirements for a reverse mortgage in Eagan?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet FHA property standards. You also need to complete a HUD-approved counseling session.
How does a reverse mortgage affect my heirs in Minnesota?
Heirs can choose to repay the loan and keep the home, or sell the home to pay off the loan. If the home is sold for less than the loan balance, the FHA insurance covers the difference. Heirs are not personally liable for any shortfall.
Are reverse mortgage proceeds taxable in Minnesota?
Reverse mortgage proceeds are not considered taxable income by the IRS or the state of Minnesota. However, interest on the loan is not deductible until the loan is repaid. Consult a tax professional for your specific situation.
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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.