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Compare Reverse Mortgage Specialists in Eden Prairie, MN

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

9 agents listed
Updated May 2026
Eden Prairie, 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 9 reverse mortgage specialists in Eden Prairie, 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.
Results Home Mortgage
11200 W 78th St, Eden Prairie, MN 55344
6124143342
Cambria Mortgage
6385 Old Shady Oak Rd #175, Eden Prairie, MN 55344
9529420110
Oliver White, Mortgage Lender NMLS #1254113
7500 Flying Cloud Dr, Eden Prairie, MN 55344
8776990353
Forrest Roberts - Fairway Independent Mortgage Corporation Loan Officer #NMLS1618698
7500 Flying Cloud Dr # 900, Eden Prairie, MN 55344
6127990968
Nick Thiry | Fairway Independent Mortgage Corporation
7500 Flying Cloud Dr # 900, Eden Prairie, MN 55344
7636881671
Kris Rausch at CrossCountry Mortgage
6385 Old Shady Oak Rd Suite 250 Office 209, Eden Prairie, MN 55344
6513749095
Steven Tran at Fairway Home Mortgage
7500 Flying Cloud Dr # 900, Eden Prairie, MN 55344
9526881081
Kelly Molitor at CrossCountry Mortgage
6385 Old Shady Oak Rd Suite 250 Office 209, Eden Prairie, MN 55344
8777731226
Adam Smith - Fairway Home Mortgage
7500 Flying Cloud Dr # 900, Eden Prairie, MN 55344
6122452025

A reverse mortgage specialist in Eden Prairie, Minnesota helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Minnesota law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Eden Prairie residents often use these loans to supplement retirement income or cover healthcare costs while staying in their homes.

What Does a Reverse Mortgage Specialist in Eden Prairie Cost?

Typical costs for a reverse mortgage in Minnesota include an origination fee of up to 2% of the home value (capped at $6,000), a mortgage insurance premium of 2% of the appraised value, and third-party fees like appraisal ($400-$800) and title search ($200-$500). Counseling costs range from $125 to $250 but may be waived for low-income borrowers. These costs are usually financed into the loan. 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 Eden Prairie?
You must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the property as your primary residence. Minnesota law also requires you to attend a counseling session with a HUD-approved agency before applying.
How does Minnesota law affect reverse mortgage proceeds?
Minnesota does not tax reverse mortgage proceeds as income, but they may affect eligibility for state programs like Medical Assistance. The loan must be repaid when you move out permanently, sell the home, or pass away.
Can I lose my home with a reverse mortgage in Eden Prairie?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Minnesota law requires lenders to provide clear disclosures about these obligations before closing.