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.
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.
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.