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 17 reverse mortgage specialists in Rochester, 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.
PrimeSource Funding (Rochester, MN)
2876 Superior Dr NW #102, Rochester, MN 55901
5073280500
PrimeLending, A PlainsCapital Company - Rochester
2514 Superior Dr NW Suite B, Rochester, MN 55901
5072898800
Results Home Mortgage
4123 26th St NW, Rochester, MN 55901
5072540761
The Heichel Team powered by Fairway Home Mortgage
3273 19th St NW #3, Rochester, MN 55901
5074604500
Bell Bank Mortgage, Heather Fuelberth
2689 Commerce Dr NW, Rochester, MN 55901
5073582670
Bell Bank Mortgage, Stacy Jahraus
2689 Commerce Dr NW, Rochester, MN 55901
5072183770
Bell Bank Mortgage, Jason Griggs
2689 Commerce Dr NW, Rochester, MN 55901
5073225301
Wayd Wangen at Rate (NMLS #370509)
2768 Superior Dr NW # C, Rochester, MN 55901
5075137119
Zach Snell at Rate (NMLS #1544486)
2768 Superior Dr NW # C, Rochester, MN 55901
5072723244
Steve Ruffalo at Rate (NMLS #533105)
2768 Superior Dr NW # C, Rochester, MN 55901
5077800009
U.S. Bank-Mortgage Loan Officer-Heather Burns-Myhre
area served, US Bank, Rochester, MN 55902
5072857883
Wintrust Mortgage
3552 West River Pkwy NW, Rochester, MN 55901
5072525626
LendSmart Mortgage
315 Elton Hills Dr NW, Rochester, MN 55901
5072819600
Ryan Manley - Sonder Mortgage Group
905 N Broadway Ave, Rochester, MN 55901
5073988384
PrimeLending, A PlainsCapital Company: Doug Gillard
2514 Superior Dr NW Suite B, Rochester, MN 55901
5073987179
Guaranteed Rate
2746 Superior Dr NW, Rochester, MN 55901
5072031755
US Bank Mortgage
15 1st St SW, Rochester, MN 55902
8663981169
What Does a Reverse Mortgage Specialist in Rochester Cost?
In Minnesota reverse mortgage costs include an origination fee capped at 6000 dollars or 2 percent of the first 200000 of home value plus 1 percent of the amount above 200000. Upfront mortgage insurance premium is 2 percent of the appraised value. Appraisal and title fees range from 500 to 1500 dollars. Annual mortgage insurance is 0.5 percent of the loan balance. These estimates vary by lender 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 is a reverse mortgage specialist in Rochester Minnesota?
A reverse mortgage specialist is a loan officer or advisor who helps seniors age 62 and older obtain a reverse mortgage. They guide clients through the HECM process including counseling and loan terms required by Minnesota law.
Are reverse mortgages regulated differently in Minnesota?
Yes Minnesota requires a mandatory counseling session with a HUD-approved counselor. The state also has a three day right of rescission after closing. Specialists must follow both federal HECM rules and Minnesota consumer protection laws.
What costs are involved with a reverse mortgage in Rochester?
Typical costs include an origination fee up to 6000 dollars a mortgage insurance premium of 2 percent of the home value and appraisal fees around 500 dollars. Closing costs vary by lender and loan amount.