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Compare Minnesota's Best Reverse Mortgages

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In your current area homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with nationwide!
The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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The minimum qualifying age for a reverse mortgage is 55. If you are within 6 months from your next birthday, I will automatically calculate you a year older.
Tip! Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
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Minnesota Reverse Mortgage Lenders

Lender Rating Years Experience Stars (0-5) Good Reviews Complaints BBB
Longbridge Financial LLC A+ 10 4.22 81% 14 Source
American Advisors Group (AAG) B 18 4.6 93% 101 Source
HighTech Lending Inc A+ 16 1.0 0% 0 Source
Fairway Independent Mortgage A+ 26 4.9 99% 50 Source
Finance of America Reverse LLC (FAR) A+ 189/td> 2.33 40% 12 Source
Liberty Home Equity Solutions, Inc. A+ 189/td> 2.0 40% 2 Source
Mutual of Omaha Mortgage A+ 9 4.8 97% 45 Source
Open Mortgage LLC A+ 19td 2.1 47% 1 Source
Reverse Mortgage Funding LLC A+ 10 3.96 83% 23 Source
Reviews Updated: 12/03/2022
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.

We are proud to be Minnesota's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage, Inc. (ARLO™) lends in 17 states nationwide, and throughout all of Minnesota state.

Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.

We are HUD Approved and offer a full suite of HECM & Jumbo Reverse Mortgages.

Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!

The difference is clear, and we can’t wait to show you!

Minnesota Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in MinnesotaAvg. Home Value

HUD Approved Direct Lender

All Reverse Mortgage, Inc. (ARLO™) is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s acronym for the reverse mortgage program it administers for seniors who are 62 and older.
All Reverse Mortgage, Inc. (ARLO™) originates in Minnesota and offers several reverse mortgage options. In some instances, borrowers are looking to pay off their existing loan and eliminate their monthly mortgage payment. Or, if they already have paid off their mortgage, a reverse loan can help borrowers utilize their equity for other purposes. In some cases, borrowers can do both. They also may use a specific type of reverse mortgage to purchase a new home.

About All Reverse Mortgage® of MN

The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well.

We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values though so not all borrowers are better served with the jumbo programs.

Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision.

It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.

Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool, and many are now seeking the reverse mortgage to augment their retirement plans and not so much the mortgage of last resort.

Everything from the elimination of existing mortgage payments to the line of credit that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan as well.

Reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably and age-in-place, but to plan for their financial future as well.

Minnesota Lending Limits

Minnesota is the 22nd most populous state in the United States and the 12th largest in terms of land size. As of 2017, approximately 5,576,606 people lived in the state, with most of the residents located around the Minneapolis-St. Paul area. About 858,797 residents in the state are age 65 and older, and about 72.7% of people in the state are homeowners.

Evidence points to humans living in this region for the last 9,000 years. After French fur traders explored the area in the 17th century, the area finally started to get populated in the mid- to late-1800s when the land’s natural resources began to get tapped and the railroads brought settlers. After being named a legal territory in 1849, Minnesota became the 32nd state in 1858. Nicknamed the “Land of 10,000 lakes,” Minnesota is the northernmost of all the 48 contiguous states. Famous residents have included singer-songwriter Prince, writer F. Scott Fitzgerald, and the state’s former governor — professional wrestler Jesse Ventura.

Minneapolis is the largest city in the state with 393,000 people living in its city limits. But the twin cities metropolitan area —which includes St. Paul — is estimated to have 3.4 million residents. In its suburb of Bloomington, more than 40 million people flock to the 400 stores in the country’s largest shopping mall — the Mall of America. Perfect for avoiding the elements during long, cold winters, Minneapolis houses 8 miles of indoor walkways in its skyway system, allowing anyone downtown to do practically anything without stepping outdoors.

After Minneapolis, the largest cities are Saint Paul and Rochester. Agriculture continues to be a main part of the state’s economy. Minnesota was ranked 13 on Forbes list of ‘Best Places to Do Business’, and it has 19 companies on the Fortune 500 list, including UnitedHealth Group, Target, and Best Buy.

With a continental climate classification, Minnesota has four very distinct seasons, with hot summers and very cold winters. The average high in July is 85 degrees Fahrenheit and the average low in January is 7 degrees Fahrenheit. Minnesota is prone to heavy winter snow and some blizzards. The state also experiences a tornado season from March to November, with the peak of the season in June.

The average home value in the state is $324,400, below the federal maximum reverse mortgage lending limit of $1,089,300 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.

If you reside in Minnesota, All Reverse Mortgage is here to answer your questions

Top 3 Lender Resources in MN:
Reversemortgage.org NRMLA Members in Minnesota
HUD.GOV Lenders

State References: 65 and over | Minnesota History (Source 1, Source 2)

Minnesota Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAgency IDAddressLanguagesWebsite
LUTHERAN SOCIAL SERVICES/ CCCS OF DULUTH218-529-222781415424 W Superior St Ste 600
Duluth, Minnesota 55802-1536
CATHOLIC CHARITIES DIOCESE OF ST. CLOUD320-650-166480822157 Roosevelt Rd Ste 200
Saint Cloud, Minnesota 56301-5485
Saint Paul, Minnesota 55104-7516
St Louis Park, Minnesota 55426-3929

Did you know? Minnesota state does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Our Exclusive Programs Designed to Fit Your Needs.

All Reverse Mortgage© has consistently brought exclusive offers to our valued Minnesota homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.

Take a look at some of our competitive rates that you won't find elsewhere:

Exclusive 6.680% (8.094% APR) Fixed Rate for Life
Government Insured & Jumbo Proprietary Programs
Flexible Credit Lines 6.67% (2.00 Margin) with the Industries Lowest Lifetime Rate Exposure
ZERO Origination Fee Options
ZERO Financed Closing Cost Options (*on select jumbo programs)
ZERO Monthly Servicing Fees on ALL programs
*Complete form above to receive a comparison of all available programs. Excludes state taxes when applicable. Min loan amount for $0 origination fee is $200,000. *APR ran at $200,000 loan amount / 60% or less PLF utilization. Lifetime rate cap on all adjustable rate plans just 5% over the start rate.

How can we offer you more favorable terms?

We are a direct lender approved by FHA (Federal Housing Administration)
The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts.
We don't work with Brokers, allowing us to pass the savings on to you.
We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs.
We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.

All Reverse vs. the others

It may surprise you but those "celebrities" you see all over TV have some of the worst independent consumer ratings in the industry. Compare us and you will see the crystal clear difference, from customer service to loan terms we never compromise.

HUD approved direct lender.

Working with a local Minnesota lender saves you time and money.

As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.

What Our Customers Are Saying

"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."
"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"
"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."
"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."
"This was the smoothest mortgage process I have ever experienced! And so fast!"

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Minnesota Reverse Mortgages
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