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Browse reverse mortgage specialists serving Waite Park, Minnesota. Contact information and addresses listed below.
5 agents listed
Updated May 2026
Waite Park, 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 5 reverse mortgage specialists in Waite Park, 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.
Homeowners Financial Group
67 10th Ave S, Waite Park, MN 56387
3205293760
PrimeLending, A PlainsCapital Company - St Cloud
314 10th Ave S #160, Waite Park, MN 56387
3202522727
Kristi Hawker, NMLS: 860288, PrimeLending
314 10th Ave S #160, Waite Park, MN 56387
3203459798
Vicki Erickson, NMLS: 452438, PrimeLending
314 10th Ave S #160, Waite Park, MN 56387
3203457217
Timi Molitor at Homeowners Financial Group USA, LLC
67 10th Ave S, Waite Park, MN 56387
3204929793
A reverse mortgage specialist in Waite Park, Minnesota helps homeowners age 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). Specialists in Waite Park guide clients through this process and explain how local property taxes and insurance obligations still apply.
What Does a Reverse Mortgage Specialist in Waite Park 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 such as appraisal and title search. For a home valued at 300,000 dollars, total upfront costs often range from 8,000 to 15,000 dollars. 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 Waite Park Minnesota?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be a primary residence, such as a single-family home, FHA-approved condo, or manufactured home. Minnesota law also requires that the borrower complete a counseling session with a HUD-approved agency before application.
How does a reverse mortgage affect my property taxes and insurance in Minnesota?
You must continue to pay property taxes and homeowners insurance on time. In Minnesota, failure to pay taxes or maintain insurance can lead to loan default and possible foreclosure. The reverse mortgage specialist will review these obligations with you to ensure you can meet them.
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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.