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Compare Reverse Mortgage Specialists in Excelsior, MN
Browse reverse mortgage specialists serving Excelsior, Minnesota. Contact information and addresses listed below.
4 agents listed
Updated May 2026
Excelsior, 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 Excelsior, 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.
Bell Bank Mortgage, Bob Merrill
424 2nd St, Excelsior, MN 55331
9529055748
Bell Bank Mortgage, David Windschitl
424 2nd St, Excelsior, MN 55331
9529055815
Bell Bank Mortgage, Pete Rinzel
424 2nd St, Excelsior, MN 55331
9529055441
Supreme Lending- The Dream Team
400 Water St #3089, Excelsior, MN 55331
9529137283
Reverse mortgage specialists in Excelsior, Minnesota help homeowners aged 62 and older convert home equity into loan proceeds. These loans are regulated under Minnesota Statutes Chapter 47, which requires counseling from a HUD-approved agency before application. Excelsior residents can use funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Excelsior Cost?
Typical costs for a reverse mortgage specialist in Minnesota include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and credit report. These fees total between 2,000 and 8,000 dollars for most homes. Costs vary by loan type and property value. 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 eligibility requirements for a reverse mortgage in Excelsior?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence. Minnesota law requires you to complete a counseling session with a HUD-approved counselor before applying.
How does Minnesota law affect reverse mortgage terms?
Minnesota Statutes Chapter 47 sets specific disclosure and counseling requirements. Lenders must provide a detailed cost estimate and a three-day rescission period after closing. The loan becomes due when you move out, sell the home, or pass away.
Can I lose my home with a reverse mortgage in Excelsior?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Minnesota law requires lenders to verify your ability to meet these obligations before closing. You must also continue living in the home as your primary residence.
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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.