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.
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.