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Compare Reverse Mortgage Specialists in Minneapolis, MN

Directory of reverse mortgage specialists in Minneapolis, Minnesota. Verify credentials with the state mortgage licensing authority before hiring.

8 agents listed
Updated May 2026
Minneapolis, 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 8 reverse mortgage specialists in Minneapolis, 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.
Angie Sherer Team
2523 S Wayzata Blvd Suite 200, Minneapolis, MN 55405
6126449948
Satori Mortgage
2808 W Broadway, Minneapolis, MN 55411
9525441706
Alex Mysinek - Mortgage Lender
200 Southdale Ctr, Minneapolis, MN 55435
9524061046
CFR Mortgage - JJ Ellingson - Mortgage Broker
121 N Washington Ave #3425, Minneapolis, MN 55401
7633006876
MLS Mortgage
3612 Fillmore St NE, Minneapolis, MN 55418
6127895626
Shane Hofmann at Prosperity Home Mortgage - Minneapolis
6800 France Ave S Suite 600, Minneapolis, MN 55435
9524842319
Twin City Lending Corp.
2900 Thomas Ave S #1827, Minneapolis, MN 55416
6513034236
Reliable Mortgage Inc
333 N Washington Ave Suit 300, Minneapolis, MN 55401
6128391305

A reverse mortgage specialist in Minneapolis helps homeowners aged 62 and older access home equity without monthly payments. In Minnesota, borrowers must complete a counseling session with a HUD-approved counselor before applying. Local specialists understand Minneapolis property values and state laws regarding non-recourse loans.

What Does a Reverse Mortgage Specialist in Minneapolis 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 and title work. Total closing costs often range from 2,000 to 8,000 dollars depending on the property value 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 does a reverse mortgage specialist do in Minneapolis?
A specialist explains loan options, helps you apply, and coordinates with lenders. They ensure you meet Minnesota counseling requirements and understand how the loan affects your estate.
Are there Minnesota-specific rules for reverse mortgages?
Yes. Minnesota requires a mandatory counseling session with a HUD-approved agency before you can apply. The loan is non-recourse, meaning you or your heirs will not owe more than the home is worth when sold.
How do I choose a reverse mortgage specialist in Minneapolis?
Look for a specialist licensed in Minnesota with experience in HECM loans. Check their credentials and ask about their familiarity with Minneapolis property tax deferral programs.