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 10 reverse mortgage specialists in St Paul, 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.
Atwood Mortgage
420 Summit Ave suite 316, St Paul, MN 55102
6513842100
Prosperity Home Mortgage: Chris Wright NMLS #653835
700 Grand Ave, St Paul, MN 55105
6512253965
Jeff Anderson - Supreme Lending
322 County Rd D E Suite 100, St Paul, MN 55117
2143405225
Cambria Mortgage, Joe Metzler Team
1549 Livingston Ave #105, St Paul, MN 55118
6515523681
Graham Kaun - M&M Mortgage - NMLS ID 1505476
1700 Highway 36 W #300, St Paul, MN 55113
6513367623
Michael Cardenas Supreme Lending
322 County Rd D E, St Paul, MN 55117
6122472006
NorthLend Financial LLC
2550 University Ave W Suite 210N, St Paul, MN 55114
6517475900
Enda Moore at Guaranteed Rate Affinity (NMLS #1044631)
821 Grand Ave, St Paul, MN 55105
6513485566
Reverse Mortgages SIDAC
4707 Hwy 61 N #235, St Paul, MN 55110
6517629648
Mlp Home Mortgage #2
220 S Robert St, St Paul, MN 55107
6512469944
What Does a Reverse Mortgage Specialist in St Paul Cost?
Typical costs for a reverse mortgage in Minnesota include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. Annual mortgage insurance premiums are 0.5 percent of the loan balance. 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 St Paul Minnesota?
Borrowers must be at least 62 years old. If married the non-borrowing spouse must also be 62 or older to remain in the home after the borrowing spouse passes away. Minnesota law follows federal HECM guidelines for age eligibility.
Do I need counseling to get a reverse mortgage in Minnesota?
Yes Minnesota law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur before you submit your loan application. The counselor will explain costs risks and alternatives.
Can I lose my home with a reverse mortgage in St Paul?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Minnesota law gives you a 30 day cure period after a default notice. You must also continue to live in the home as your primary residence.