In 2024, there were 11 active reverse mortgage loans in Isanti County, Minnesota. The average home value in Isanti County is $337,094.36.

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To avoid scams, make sure you are working with a licensed lender in Minnesota. South River Mortgage is a fully licensed lender in Minnesota. The MN state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Minnesota Mortgage Lender License in MN, and our state license identifier is MN-MO-1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Isanti County

Isanti County is located in the state of Minnesota and is home to a population of around 40,000 residents. The county features a diverse landscape with rolling hills, forests, and lakes, making it a popular destination for outdoor enthusiasts. Known for its scenic beauty and small-town charm, Isanti County offers a peaceful and laid-back lifestyle for its residents. Historically, Isanti County was originally inhabited by the Dakota and Ojibwe Native American tribes before European settlers arrived in the 19th century. The county’s name, “Isanti,” comes from the Dakota word meaning “knife” or “sharp.” Today, Isanti County retains much of its rural character while also offering modern amenities and services to its residents. For seniors in Isanti County, utilizing a reverse mortgage can be a practical financial option, allowing them to access the equity in their homes while continuing to live independently. With an average home value of 337,094.36, property tax rate of 3,420.55, and an average interest rate of 0.03997, Isanti County provides a favorable environment for those considering a reverse mortgage to support their retirement years.

Reverse Mortgage Loan Origination in Isanti County

Reverse Mortgage Home Values in Isanti County

Reverse Mortgage Interest Rates Isanti County

There are approximately 11 active reverse mortgage loans in Isanti County. The average interest rate in Isanti County is 7.18% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Isanti County was $335,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Isanti County, Minnesota »

Note that our loan origination data will not exactly match FHA’s HECM portfolio snapshot. This discrepancy occurs because FHA’s reports are limited to loans endorsed by FHA (i.e. HECMs only). We use a series of custom data criteria that make it possible to identify all reverse mortgages: HECMs, proprietary, and even single-purpose reverse mortgages.

Jumbo Reverse Mortgage in Isanti County, MN

With the average home value of $335,000.00, you may be wondering about the opportunities for jumbo loans.

The FHA has increased the HECM lending limit to $1,209,750 for 2025. If your property is valued above the HECM lending limit, you may be eligible for additional proceeds through the HomeForLife jumbo reverse mortgage.

Reverse Mortgage Refinance (HECM to HECM) in Isanti County

It might make sense to refinance your reverse mortgage. There are many situations where refinancing could be very beneficial to you:

• You want to get more cash out because your home value has increased substantially
• You want to pay less in interest by obtaining a lower interest rate
• You want to add a loved one to the reverse mortgage

As a bonus, South River Mortgage can sometimes provide multiple benefits at once, depending on the situation. There have been cases where we can help secure a lower interest rate and additional cash. In some cases, we have been able to do all three benefits: lower rate, more cash, and adding a son or daughter onto the mortgage.

South River Mortgage can help you refinance your reverse mortgage. Get a quote today »

Reverse for Purchase (HECM for Purchase) in Isanti County

You can now purchase a home with a reverse mortgage in {county}, MN. The reverse for purchase lets homebuyers purchase the home and get a reverse mortgage in a single transaction. The requirements for a reverse for purchase are very similar to the traditional reverse mortgage program.

Purchasing a home with a reverse mortgage has many benefits:

• No monthly mortgage payment (although you’d still be responsible for property taxes and homeowner’s insurance)
• The home being purchased would meet HUD’s property requirements or minimum property standards (this helps keep the home safe for occupants)

Learn what your down payment would be using our Reverse for Purchase calculator. Or, get pre-approved today »