Skip to main content

Lutheran Social Service - LSS Financial Counseling Service

Reverse Mortgage Counseling

LSS Financial Counseling Service - Willmar

1601 Highway 12 E, Ste 6, Willmar, MN, 56201

(888) 577-2227

Website

https://www.lssmn.org/financialcounseling/financial-wellness-services/reverse-mortgage-counseling

Service Details

Description

Federal Housing Administration (FHA)-backed reverse mortgages are called Home Equity Conversion Mortgages (HECM). In order to obtain a HECM, applicants are required to receive reverse mortgage counseling from a Housing and Urban Development (HUD)-approved reverse mortgage counselor. The counseling provides guidance on the options available under a reverse mortgage.


This agency has HUD-approved HECM counselors who provide the required consumer information sessions.


Additional Information

Offers impartial education and guidance to help you understand the pros and cons of obtaining a reverse mortgage


Services are available for Minnesota residents by phone or virtually. They also offer in-person appointments across Minnesota.


Counselors are fluent in Spanish and Hmong. In addition, American Sign Language (ASL) interpretation is available as needed.


Features

  • Area Served by County
    • Aitkin County 
    • Anoka County 
    • Becker County 
    • Beltrami County 
    • Benton County 
    • Big Stone County 
    • Blue Earth County 
    • Brown County 
    • Carlton County 
    • Carver County 
    • Cass County 
    • Chippewa County 
    • Chisago County 
    • Clay County 
    • Clearwater County 
    • Cook County 
    • Cottonwood County 
    • Crow Wing County 
    • Dakota County 
    • Dodge County 
    • Douglas County 
    • Faribault County 
    • Fillmore County 
    • Freeborn County 
    • Goodhue County 
    • Grant County 
    • Hennepin County 
    • Houston County 
    • Hubbard County 
    • Isanti County 
    • Itasca County 
    • Jackson County 
    • Kanabec County 
    • Kandiyohi County 
    • Kittson County 
    • Koochiching County 
    • Lac qui Parle County 
    • Lake County 
    • Lake of the Woods County 
    • Le Sueur County 
    • Lincoln County 
    • Lyon County 
    • Mahnomen County 
    • Marshall County 
    • Martin County 
    • McLeod County 
    • Meeker County 
    • Mille Lacs County 
    • Morrison County 
    • Mower County 
    • Murray County 
    • Nicollet County 
    • Nobles County 
    • Norman County 
    • Olmsted County 
    • Otter Tail County 
    • Pennington County 
    • Pine County 
    • Pipestone County 
    • Polk County 
    • Pope County 
    • Ramsey County 
    • Red Lake County 
    • Redwood County 
    • Renville County 
    • Rice County 
    • Rock County 
    • Roseau County 
    • Scott County 
    • Sherburne County 
    • Sibley County 
    • St. Louis County 
    • Statewide 
    • Stearns County 
    • Steele County 
    • Stevens County 
    • Swift County 
    • Todd County 
    • Traverse County 
    • Wabasha County 
    • Wadena County 
    • Waseca County 
    • Washington County 
    • Watonwan County 
    • Wilkin County 
    • Winona County 
    • Wright County 
    • Yellow Medicine County 
  • Specialization
    • Older adults 

Eligibility

* Must be a Minnesota resident and homeowner who is 62 years of age or older
* Own your home outright or have a mortgage balance that can be paid off at closing with proceeds from the reverse mortgage or other personal funds
* Live in the home as your primary residence
* Not be delinquent on any federal debt
* Participate in a consumer information session given by an approved Home Equity Conversion Mortgage counselor


Fees

Free or low cost


Area Served

Statewide


Websites

Phone Numbers

Type Number Hours
Toll Free (888) 577-2227

Last Update

8/24/2024

Other Locations

Taxonomy Terms Used. Clicking a taxonomy term from the list below launches a new search.: Clicking a taxonomy term from the list below launches a new search.