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Compare Reverse Mortgage Specialists in Brooklyn Center, MN
Compare reverse mortgage specialists in Brooklyn Center. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Brooklyn Center, 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 2 reverse mortgage specialists in Brooklyn Center, 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.
All American Mortgage Lending, Inc.
3300 County Rd 10, Brooklyn Center, MN 55429
7635605815
Hmong TC Mortgage, Inc
6500 Brooklyn Blvd Suite 203, Brooklyn Center, MN 55429
7634390877
A reverse mortgage specialist in Brooklyn Center, Minnesota helps seniors 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). This directory connects you with local specialists who understand Hennepin County property values and state regulations.
What Does a Reverse Mortgage Specialist in Brooklyn Center 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. For a home valued at 300,000 dollars, total upfront costs often range from 8,000 to 15,000 dollars. These costs can be financed into the loan, so you pay little or nothing out of pocket. 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 qualifications does a reverse mortgage specialist need in Minnesota?
In Minnesota, reverse mortgage specialists must be licensed mortgage originators with the state Department of Commerce. They also need HUD certification to offer HECM loans, which are the most common type of reverse mortgage. Specialists in Brooklyn Center should know local property tax deferral programs for seniors.
Are there income or credit requirements for a reverse mortgage in Brooklyn Center?
Lenders do not require a minimum income or good credit score for a reverse mortgage. However, they do require you to pay property taxes, homeowners insurance, and maintain the home. Minnesota law allows lenders to check your ability to meet these obligations before approving the loan.
How does Minnesota law protect reverse mortgage borrowers?
Minnesota requires a mandatory three-day rescission period after closing, giving you time to cancel the loan without penalty. Borrowers must also receive a detailed disclosure of all fees and terms before signing. The state prohibits lenders from forcing you to buy other financial products with the loan.
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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.