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Find Reverse Mortgage Specialists Near You in Mankato, MN
Directory of reverse mortgage specialists in Mankato, Minnesota. Verify credentials with the state mortgage licensing authority before hiring.
15 agents listed
Updated May 2026
Mankato, 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 15 reverse mortgage specialists in Mankato, 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.
PrimeSource Funding
1751 N Victory Dr STE 500, Mankato, MN 56001
5073898240
Busch/Lawrence Group, Edge Home Finance
110 E Liberty St, Mankato, MN 56001
5073510581
BankVista
1501 Adams St, Mankato, MN 56001
5073872265
Habib Sadaka at CrossCountry Mortgage
100 Warren St STE 313, Mankato, MN 56001
5073800780
OneMain Financial
1400 Madison Ave Suite 704, Mankato, MN 56001
5073873733
Profinium Bank
100 Warren St, Mankato, MN 56001
5073898900
Northwestern Mutual
111 W Cherry St #200, Mankato, MN 56001
5076259400
Edward Jones - Financial Advisor: Sander Ludeman, AAMS®
1400 S Riverfront Dr Suite 100, Mankato, MN 56001
5073850305
Luminate Home Loans - River Valley Team
1720 Adams St # 100, Mankato, MN 56001
5073821468
ProGrowth Bank
120 N Augusta Ct STE 111, Mankato, MN 56002
5073444333
Megan Smith (RETIRED VETERAN) VA Loan Originator NMLS 501934
312 Raintree Rd, Mankato, MN 56001
5074207770
Kim M Weise-Bartelt - 400945 - Wells Fargo Home Mortgage
206 E Hickory St, Mankato, MN 56001
5073405558
Chad Borgmeier-U.S. Bank Mortgage
115 E Hickory St STE 200, Mankato, MN 56001
5073879436
Clear to Close Mortgage Processing, LLC
104 Creative Ct, Mankato, MN 56001
6122370940
US Bank Home Mortgage
204 S 2nd St, Mankato, MN 56001
5073879436
What Does a Reverse Mortgage Specialist in Mankato 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 such as appraisal title and recording costs. Total closing costs often range from 2 000 to 5 000 for a standard HECM loan. Ongoing costs include an annual mortgage insurance premium of 0.5 percent of the loan balance. Costs vary by situation and lender. 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 Mankato Minnesota?
Borrowers must be at least 62 years old own their home outright or have a low mortgage balance and live in the property as their primary residence. Minnesota law requires completion of a HUD-approved counseling session before application. The home must be a single-family home or a qualifying condominium or manufactured home.
How does Minnesota law affect reverse mortgage counseling requirements?
Minnesota requires all reverse mortgage applicants to receive counseling from a HUD-approved agency before a loan can be originated. The counseling session typically lasts 60 to 90 minutes and covers loan terms costs and alternatives. This requirement is in addition to federal HECM counseling rules.
What happens to a reverse mortgage when the borrower dies or moves out in Minnesota?
When the last borrower dies sells the home or permanently moves out the loan becomes due and payable. Heirs have 30 days under Minnesota law to decide whether to pay off the loan or sell the property. If they choose to sell they have up to 12 months to complete the sale without foreclosure.
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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.