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Find Reverse Mortgage Specialists in Monticello, MN
Looking for a reverse mortgage specialist in Monticello? Review the directory below to compare your options.
4 agents listed
Updated May 2026
Monticello, 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 4 reverse mortgage specialists in Monticello, 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.
Jeff Curtis at CrossCountry Mortgage
102 Chelsea Rd Office A, Monticello, MN 55362
8777731226
MegaStar Financial Corp - Lee Mielke
1125 Cedar St UNIT 114, Monticello, MN 55362
6123087162
Paul Hinz - 217427 - Wells Fargo Home Mortgage
407 Pine St, Monticello, MN 55362
9528470152
Ameriprise Financial Services, Gagnon & Bigalke
501 MN-25, Monticello, MN 55362
7632717526
A reverse mortgage specialist in Monticello, Minnesota helps homeowners aged 62 and older access home equity without monthly payments. Minnesota law requires borrowers to complete HUD-approved counseling before obtaining a reverse mortgage. Specialists in Monticello can guide you through the process and explain how local property values and taxes affect your loan.
What Does a Reverse Mortgage Specialist in Monticello Cost?
In Minnesota, reverse mortgage costs include an origination fee of up to 2% of the home value, a 2% upfront mortgage insurance premium, and annual mortgage insurance of 0.5% of the loan balance. Appraisal fees in Monticello typically range from $400 to $800. Closing costs such as title insurance and recording fees add $500 to $1,500. Counseling fees are capped at $125 by Minnesota law. 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 in Monticello do?
A reverse mortgage specialist helps Monticello homeowners understand and apply for a Home Equity Conversion Mortgage (HECM). They explain eligibility, loan terms, and how the loan must be repaid when you sell the home or move out. They also coordinate with HUD-approved counselors as required by Minnesota law.
Are there age requirements for a reverse mortgage in Minnesota?
Yes, you must be at least 62 years old to qualify for a reverse mortgage in Minnesota. All borrowers listed on the title must meet this age requirement. The specialist will verify your age during the application process.
What costs are involved with a reverse mortgage in Monticello?
Typical costs include an origination fee (up to 2% of the home value), mortgage insurance premiums (2% upfront plus 0.5% annually), appraisal fees ($400 to $800), and closing costs. In Minnesota, counseling fees are capped at $125 but may be waived for low-income borrowers. Costs vary by lender and loan amount.
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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.