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Browse reverse mortgage specialists serving Lakeville, Minnesota. Contact information and addresses listed below.
14 agents listed
Updated May 2026
Lakeville, 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 14 reverse mortgage specialists in Lakeville, 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.
Arik Orosz- Reduced Fee Mortgage Team (powered by eMortgage Capital)
19950 Dodd Blvd, Lakeville, MN 55044
6519949494
Jason Decker - Tradition Mortgage
16995 Brandtjen Farm Dr, Lakeville, MN 55044
6128016520
DHI Mortgage
20860 Kenbridge Ct # 140, Lakeville, MN 55044
9529857850
Chad Krueger, MinnTrust Mortgage LLC, Lakeville MN Mortgage Broker
21155 Hyacinth Ave, Lakeville, MN 55044
6123828792
Coleen TeBockhorst at Citywide Home Mortgage
10591 165th St W, Lakeville, MN 55044
6127018512
Prakash Singh - Mortgage Broker and Advisor at Loans By Singh LLC
Reverse mortgage specialists in Lakeville, Minnesota help homeowners aged 62 and older convert home equity into tax-free funds. Minnesota law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Lakeville specialists guide clients through this process and explain how reverse mortgages affect Minnesota homestead property tax deferral programs.
What Does a Reverse Mortgage Specialist in Lakeville Cost?
Typical costs for a reverse mortgage 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 recording. Total closing costs often range from 3,000 to 8,000 dollars. Costs vary by loan size and lender. 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 qualifications do reverse mortgage specialists in Lakeville need?
Specialists must hold a valid Minnesota mortgage loan originator license and complete annual continuing education. They should also have experience with HECM products and understand Minnesota specific laws regarding homestead exemptions and estate recovery.
How does a reverse mortgage affect my Minnesota homestead status?
A reverse mortgage does not change your Minnesota homestead classification for property tax purposes. You must continue to live in the home as your primary residence. The lender does not own the home, and you retain the title.
Are there income limits for a reverse mortgage in Lakeville?
There are no income limits for a HECM reverse mortgage in Minnesota. However, lenders must verify that you have the financial ability to pay property taxes, homeowners insurance, and home maintenance costs. This is called a financial assessment.
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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.