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Looking for a reverse mortgage specialist in Plymouth? Review the directory below to compare your options.
12 agents listed
Updated May 2026
Plymouth, 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 12 reverse mortgage specialists in Plymouth, 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.
Summit Mortgage Corporation
9600 54th Ave N #100, Plymouth, MN 55442
7633907200
New Homeowner Center at Summit Mortgage
9600 54th Ave N #100, Plymouth, MN 55442
7632263559
Lennar Mortgage, LLC Minnesota
16355 36th Ave N Suite 100-A, Plymouth, MN 55446
9522493083
Kevin Lee - Summit Mortgage Corporation
9600 54th Ave N #100, Plymouth, MN 55442
7634210548
TC Mortgage Advisors powered by Union Home Mortgage
3525 Plymouth Blvd Suite 207A, Plymouth, MN 55447
7632605180
US West Financial
2605 Fernbrook Ln N Ste A, Plymouth, MN 55447
6126958909
Jeff Scherber NMLS 369524 at Summit Mortgage Corporation
A reverse mortgage specialist in Plymouth, Minnesota helps homeowners aged 62 and older convert home equity into cash without monthly payments. Minnesota law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists guide clients through the process, including property eligibility and loan repayment terms.
What Does a Reverse Mortgage Specialist in Plymouth Cost?
Typical costs for a reverse mortgage in Minnesota include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees like appraisal and title search. Total closing costs usually range from 2,000 to 5,000 dollars. Costs vary by loan amount and property value. 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 age requirements for a reverse mortgage in Plymouth Minnesota?
Borrowers must be at least 62 years old. For a HECM loan, all titleholders must meet this age requirement. Minnesota law does not add extra age restrictions beyond federal HUD rules.
Do I need counseling before getting a reverse mortgage in Minnesota?
Yes, Minnesota requires all borrowers to attend a HUD-approved counseling session. The counselor explains loan terms, costs, and alternatives. This session must happen before you submit a loan application.
What happens to my reverse mortgage if I move out of Plymouth?
If you sell your home or move out permanently, the loan becomes due. You have 12 months under Minnesota law to repay the balance or sell the property. Failure to do so may lead to 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.