Minneapolis is a city of neighborhoods, each with its own price point, character, and reverse-mortgage story. Brian works with owners of century-old bungalows in south Minneapolis, mid-century homes near the lakes, and downtown condos, all with very different equity pictures and financing needs.
The Minneapolis housing market
Median Minneapolis home values run from the mid-$300s in North Minneapolis to well over $1M around the Chain of Lakes and in Kenwood. Long-term owners in Linden Hills, Fulton, and Kingfield have seen appreciation that puts serious HECM options on the table.
Reverse mortgages in Minneapolis
Minneapolis homeowners in Southwest and around the lakes often hit or exceed the HECM lending limit, jumbo reverse programs are a regular conversation. In North and Northeast, standard HECMs typically fit and can eliminate a mortgage payment on a fixed income.
Neighborhoods
- Linden Hills
- Fulton
- Kingfield
- Kenwood
- Northeast
- Longfellow
- Nokomis
- Cedar-Isles-Dean
Loan options for Minneapolis
- Reverse Mortgage (HECM)
- Jumbo Reverse
- HECM for Purchase
- Conventional & Jumbo
- FHA First-Time Buyer
- VA
- Refinance
Attractions & landmarks
- Chain of Lakes
- Minnehaha Falls
- Walker Art Center
- Guthrie Theater
- Mississippi River trails
- US Bank Stadium
Schools
Minneapolis Public Schools serves the city, with strong charter and magnet options. Private schools include Blake, Breck (Golden Valley), and De La Salle.