Saint Paul rewards patient homeowners. Century homes on Summit and Grand, brick bungalows in Highland Park, and mid-century ramblers on the East Side have all appreciated meaningfully for owners who've been in place 20 or 30 years, which is exactly the profile a reverse mortgage was designed for.
The Saint Paul housing market
Median Saint Paul home values range from the low-$300s on the East Side to well over $1M in Crocus Hill and Summit-University. Ramsey County property taxes are typically higher than Hennepin, so a HECM that eliminates a mortgage payment often has an outsized impact on retirement cash flow.
Reverse mortgages in Saint Paul
Saint Paul retirees often use a HECM to pay off a remaining conventional loan, freeing cash flow that gets absorbed quickly by Ramsey County property taxes. Higher-value homes in Crocus Hill and Summit Hill sometimes qualify for jumbo reverse programs.
For the statewide rules, counseling requirements and 2026 lending limits, read the Minnesota reverse mortgage guide, or see the Ramsey County reverse mortgage guide. New to the program? Start with what is a reverse mortgage.
Neighborhoods
- Highland Park
- Mac-Groveland
- Summit Hill / Crocus Hill
- Como
- St. Anthony Park
- Merriam Park
- West Seventh
Loan options for Saint Paul
- Reverse Mortgage (HECM)
- Jumbo Reverse
- HECM for Purchase
- Conventional
- FHA & VA
- Refinance
Attractions & landmarks
- Summit Avenue
- Como Park & Zoo
- Mississippi River Boulevard
- Grand Avenue
- Xcel Energy Center
- Cathedral of Saint Paul
Schools
Saint Paul Public Schools serves the city. Private options include Cretin-Derham Hall, St. Paul Academy, and Convent of the Visitation.