Monticello Reverse Mortgage

Seniors 62 or older who need extra funds or simply interested in tapping into the equity in their home through a Minnesota reverse mortgage, will notice that fees in Monticello have dropped due to more and more banks competiting for their business. The closing cost of a Minnesota reverse mortgage has almost been cut in half. A reverse mortgage is a more common term for a Home Equity Conversion Mortgage (HECM). Here are a list of a few HECM lenders in the Carver County area.


Monticello Reverse Mortgage Lenders

There are a number of factors that affect whether or not you qualify for a reverse mortgage in Monticello. If you have little equity, you may not be able to qualify for a HECM/reverse mortgage. Contact a professional to discuss your options.

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1) Inlanta Mortgage
8294 Isaak Ave Nw, Annandale, MN
(320) 295-7004
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2) Wells Fargo Home Mortgage
251 8th St Nw, Elk River, MN
(763) 441-1305
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3) Wells Fargo Home Mortgage
5600 La Centre Ave, Albertville, MN
(763) 497-8333
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4) United Family Mortgage Corporation
200 5th St Nw, Elk River, MN
(763) 515-9176

National reverse mortgage companies such as Bank of America, Citi, Lending Tree, Wells Fargo and Wachovia are part of the mortgage network.