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Find Reverse Mortgage Specialists Near You in Winona, MN
Directory of reverse mortgage specialists in Winona, Minnesota. Verify credentials with the state mortgage licensing authority before hiring.
13 agents listed
Updated May 2026
Winona, 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 13 reverse mortgage specialists in Winona, 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, Heather Larsen
902 E 2nd St Suite 211, Winona, MN 55987
5074596416
Altra Federal Credit Union - Winona
526 Orrin St, Winona, MN 55987
8007550055
Financial Services of Winona
16o Lafayette St, Winona, MN 55987
5074542355
WNB Financial
204 Main St, Winona, MN 55987
5074548800
Gervais Wealth Management
25000 Echodale Rd, Winona, MN 55987
5074744470
Wells Fargo Home Mortgage - Bridget Schoonover
125 Main St, Winona, MN 55987
5072505447
Edward Jones - Financial Advisor: Matt Reeck, AAMS®
217 Main St, Winona, MN 55987
5074521311
Patrick Smock Loan Officer
840 Mankato Ave Suite B, Winona, MN 55987
5074943026
Slaggie Capital Group
655 Franklin St, Winona, MN 55987
5074743005
Edward Jones - Financial Advisor: Wayne R Myhre, CFP®
1570 W Service Dr, Winona, MN 55987
5074520300
Wells Fargo Home Mortgage - Amie Kruger
875 34th Ave, Winona, MN 55987
5072055894
Latonia Schmitt, Mortgage Loan Officer
1491 W Broadway St, Winona, MN 55987
5074949308
Raymond James Financial Services
111 Market St STE 3A, Winona, MN 55987
5074743005
Reverse mortgage specialists in Winona, Minnesota help homeowners aged 62 and older convert home equity into loan proceeds. Minnesota law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists guide clients through eligibility, repayment terms, and the impact on estate planning in compliance with state regulations.
What Does a Reverse Mortgage Specialist in Winona Cost?
Typical costs for a reverse mortgage in Minnesota include an origination fee of up to 2% of the home's value (capped at $6,000), a mortgage insurance premium of 2% of the appraised value upfront plus 0.5% annually, and third-party fees such as appraisal ($400-$800), title search ($200-$400), and recording fees ($50-$100). Closing costs generally range from $2,000 to $8,000. These costs are often 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 Winona Minnesota?
Borrowers must be at least 62 years old, own their home outright or have a low mortgage balance, and live in the property as their primary residence. The home must be a single-family home, HUD-approved condominium, or manufactured home that meets FHA standards. Financial assessment by the lender is also required.
How does Minnesota law affect reverse mortgage terms?
Minnesota follows federal HECM rules but also requires lenders to provide a state-specific disclosure about the borrower's obligations, including property taxes and insurance. There is no Minnesota state income tax on reverse mortgage proceeds because they are considered loan advances, not income.
Can a reverse mortgage be foreclosed in Minnesota?
Yes, if the borrower fails to pay property taxes, maintain homeowners insurance, or keep the home in good repair, the lender can initiate foreclosure. Minnesota law provides a six-month redemption period after a foreclosure sale, but this does not apply if the borrower has died and the heirs do not repay the loan.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.