Cambria Financial Group LLC
Reverse Mortgage Lender
6385 Old Shady Oak Rd, Ste 175, Eden Prairie, MN 55344
To apply for a reverse mortgage, you must be at least 62 years old, live in the home and have paid off all or most of your mortgage.
Dodge County, MN Goodhue County, MN Houston County, MN Kanabec County, MN Koochiching County, MN Lincoln County, MN Nicollet County, MN Olmsted County, MN Otter Tail County, MN St. Louis County, MN Aitkin County, MN Cass County, MN Jackson County, MN Le Sueur County, MN Morrison County, MN Nobles County, MN Norman County, MN Polk County, MN Scott County, MN Traverse County, MN Watonwan County, MN Big Stone County, MN Carver County, MN Chippewa County, MN Cook County, MN Crow Wing County, MN Mille Lacs County, MN Pope County, MN Renville County, MN Rock County, MN Roseau County, MN Stearns County, MN Anoka County, MN Chisago County, MN Clay County, MN Grant County, MN Kandiyohi County, MN Marshall County, MN Pine County, MN Pipestone County, MN Redwood County, MN Steele County, MN Wright County, MN Becker County, MN Fillmore County, MN Mahnomen County, MN Mower County, MN Pennington County, MN Rice County, MN Todd County, MN Wabasha County, MN Washington County, MN Wilkin County, MN Winona County, MN Brown County, MN Clearwater County, MN Dakota County, MN Faribault County, MN Freeborn County, MN Isanti County, MN Itasca County, MN Kittson County, MN Lake of the Woods County, MN Martin County, MN Yellow Medicine County, MN Beltrami County, MN Blue Earth County, MN Carlton County, MN Cottonwood County, MN Lac Qui Parle County, MN McLeod County, MN Ramsey County, MN Sherburne County, MN Stevens County, MN Swift County, MN Wadena County, MN Benton County, MN Douglas County, MN Hennepin County, MN Hubbard County, MN Lake County, MN Lyon County, MN Meeker County, MN Murray County, MN Red Lake County, MN Sibley County, MN Waseca County, MN
Other Information
Specialization
This lender is authorized to provide reverse mortgages under the Federal Housing Administration (FHA) Home Equity Conversion Mortgage (HECM) program. A reverse mortgage is a special type of loan that provides the opportunity for homeowners 62 years or older to borrow against the equity in their homes. A reverse mortgage allows homeowners to access that equity in the form of cash - either as a lump sum payment, a monthly payout or a line of credit. It is called a "reverse" mortgage because you receive money from the lender instead of having to make payments. Reverse mortgages might be attractive options for seniors with limited incomes and financial uncertainty. However, these types of mortgages are complicated financial products that often have significant costs and risks that need to be considered. The Minnesota Department of Commerce provides the following Consumer Warnings for Minnesota Seniors: a. A reverse mortgage reduces, and may eventually eliminate all, equity in the home. If your intent is to leave a paid-off home for your heirs, obtaining a reverse mortgage will be problematic. b. The recipient of a reverse mortgage MUST continue to pay the taxes and insurance on the property. If they do not, the property can ultimately be taken from the homeowner. c. If one spouse is under the age of 62, they should talk with the reverse mortgage counselor about what happens to the mortgage and property if the spouse that was 62 or older passes away. Prior to getting a reverse mortgage you are required to work with a certified reverse mortgage counseling service and obtain a certificate verifying your participation. You can find a HECM counselor in MinnesotaHelp. Search on "reverse mortgage counseling" or call the Housing and Urban Development (HUD) counseling interactive voice system at (800) 569-4287. Further information about reverse mortgages can be found at: * The U.S. Department of Housing and Urban Development - Home Equity Conversion Mortgages for Seniors * The Minnesota Department of Commerce – Reverse Mortgages
02/27/2026
Cambria Financial Group LLC