Edina homeowners tend to have deep equity, often the deepest in the metro. That changes the reverse mortgage conversation. It becomes less about eliminating a payment and more about strategic retirement income planning, coordinated with a financial advisor and a CPA.
The Edina housing market
Edina median home values run from the mid-$500s in South Edina to well over $1M in Country Club and Rolling Green. Jumbo reverse mortgages (proprietary products above the HECM limit) are often the right conversation here.
| Typical single-family range | $525,000 – $900,000 |
|---|---|
| Country Club / Rolling Green | $1M – $3M+ |
| Condo / townhome range | $300,000 – $700,000 |
| Typical owner equity (20+ yrs) | $500,000 – $1M+ |
| Common HECM use | Jumbo / proprietary reverse |
Typical ranges Brian sees locally, not an appraisal or a quote.
Reverse mortgages in Edina
Edina homeowners often hit the HECM lending limit and benefit most from proprietary jumbo reverse mortgage programs. These are typically used for retirement income strategy, not payment elimination.
- Above the 2026 FHA lending limit of $1,249,125, an FHA HECM stops scaling. Proprietary (jumbo) reverse mortgages pick up from there, and Edina is where that conversation happens most.
- Edina reverse mortgages are usually coordinated with a financial advisor and CPA. Brian is comfortable joining that call.
- A HECM line of credit used as a sequence-of-returns buffer is a common Edina strategy, drawing on home equity in down market years instead of selling investments.
For the statewide rules, counseling requirements and 2026 lending limits, read the Minnesota reverse mortgage guide, or see the Hennepin County reverse mortgage guide. New to the program? Start with what is a reverse mortgage.
Neighborhoods
- Country Club District
- Morningside
- Rolling Green
- Indian Hills
- Cahill
- Parkwood Knolls
Loan options for Edina
- Jumbo Reverse Mortgage (proprietary)
- HECM Reverse Mortgage
- Jumbo Purchase
- Conventional
- Rate & term refinance
Attractions & landmarks
- 50th & France
- Centennial Lakes Park
- Braemar Golf Course
- Edinborough Park
- Southdale Center
Schools
Edina Public Schools consistently ranks among Minnesota's top districts, a major driver of home values and multi-generational demand.