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Catholic Charities of the Diocese of St. Cloud

Reverse Mortgage Counseling

Catholic Charities - St. Cloud West Campus

157 Roosevelt Rd, St. Cloud, MN, 56301-5478

Distance: 1091 Miles

(320) 650-1664

Website

https://www.ccstcloud.org/services/financial-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 counselor(s) who provide the required consumer information sessions.


Features

  • Specialization
    • Older adults 

Eligibility

Must be a 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, and live in the home as your primary residence.


Fees

Free or low cost


Business Hours

8:00am - 4:30pm, Monday - Friday


Area Served

Western Benton, Morrison, eastern Stearns and western Sherburne counties


Websites

Phone Numbers

Type Number Hours
Main (320) 650-1550
Mental Health Clinic (320) 685-0785
Senior Dining (320) 229-4584
Toll Free (800) 830-8254

Last Update

6/23/2020

Other Locations

This provider does not offer this service at other locations.

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