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Find Reverse Mortgage Specialists in White Bear Lake, MN
Browse reverse mortgage specialists serving White Bear Lake, Minnesota. Contact information and addresses listed below.
7 agents listed
Updated May 2026
White Bear Lake, 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 7 reverse mortgage specialists in White Bear Lake, 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.
Bell Bank Mortgage, Sandy Talberg
4886 Hwy 61 N #200, White Bear Lake, MN 55110
6517835212
Jenny Hanna at Prosperity Home Mortgage - Saint Paul
2137 4th St, White Bear Lake, MN 55110
6513433345
Bell Bank Mortgage, Erin Moffitt
4886 Hwy 61 N #200, White Bear Lake, MN 55110
6517835240
Jamie Larkin at CrossCountry Mortgage
4511 Allendale Dr, White Bear Lake, MN 55127
6514841474
Bell Bank Mortgage
4886 Hwy 61 N #200, White Bear Lake, MN 55110
6517835285
US Bank Mortgage
2650 County Rd E E, White Bear Lake, MN 55110
6517483800
Absolute Mortgage Inc
3564 Rolling View Dr Suite C, White Bear Lake, MN 55110
6517771112
A reverse mortgage specialist in White Bear Lake, Minnesota helps homeowners aged 62 and older convert part of their home equity into cash without selling the home. In Minnesota, reverse mortgages are regulated by state law and must include mandatory counseling from a HUD-approved agency. White Bear Lake residents often use these loans to supplement retirement income or cover home repairs while staying in their homes.
What Does a Reverse Mortgage Specialist in White Bear Lake Cost?
In Minnesota, reverse mortgage costs typically include an origination fee of up to 2 percent of the home value, a 2 percent upfront mortgage insurance premium, and annual mortgage insurance of 0.5 percent. Appraisal fees in the White Bear Lake area range from $400 to $600. Closing costs such as title insurance and recording fees add several hundred dollars. Total upfront costs often fall between $5,000 and $10,000 but vary by loan size and property. This is general information and 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 White Bear Lake?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Minnesota law also requires you to attend a counseling session with a HUD-approved counselor before applying.
How does Minnesota law affect reverse mortgage terms?
Minnesota statutes require that reverse mortgage lenders provide clear disclosures about fees, interest rates, and repayment terms. Borrowers have a three-day right of rescission after closing to cancel the loan without penalty. The loan becomes due when the last borrower dies, sells the home, or moves out for more than 12 consecutive months.
What costs are associated with a reverse mortgage in White Bear Lake?
Typical costs include an origination fee (up to 2% of the home value), mortgage insurance premiums (2% upfront plus 0.5% annually), appraisal fees (around $400 to $600), and closing costs. Counseling sessions are usually free or low cost. Total fees can range from $5,000 to $10,000 or more depending on the loan amount and property value.
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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.