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Find Home Equity Loan Specialists Near You in Ferndale, MI

Browse home equity loan specialists serving Ferndale, Michigan. Contact information and addresses listed below.

5 agents listed
Updated June 2026
Ferndale, MI
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the State Mortgage Licensing Authority of Michigan before hiring.
Showing 5 home equity loan specialists in Ferndale, MI Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Credit Union ONE
400 E 9 Mile Rd, Ferndale, MI 48220
(800) 451-4292 cuone.org
Check Into Cash
749 E 9 Mile Rd, Ferndale, MI 48220
(248) 548-7598 local.checkintocash.com
Home Jim - Jim Kleiner
Woodward Ave, Ferndale, MI 48220
(313) 470-6622 jimkleiner.com
Union Home Mortgage
1603 E 9 Mile Rd, Ferndale, MI 48220
(248) 537-2172 uhm.com
Michigan VA Mortgages
1935 Burdette St, Ferndale, MI 48220
(313) 367-3894

A home equity loan specialist in Ferndale Michigan helps homeowners access the equity in their property. Michigan law requires lenders to follow specific disclosure rules under the Michigan Consumer Protection Act. Specialists can guide you through the process of applying for a lump sum loan or a home equity line of credit.

What Does a Home Equity Loan Specialist in Ferndale Cost?

Typical costs for a home equity loan in Michigan include an origination fee of 0.5 to 1.5 percent of the loan amount, appraisal fees of 300 to 600 dollars, and closing costs of 500 to 2,000 dollars. Some lenders charge annual fees for lines of credit. Costs vary by lender and loan size. This is general information, not mortgage or financial advice.

* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.

Frequently Asked Questions

What is a home equity loan specialist in Ferndale?
A home equity loan specialist is a licensed mortgage professional who helps homeowners borrow against their home equity. They explain loan terms, interest rates, and repayment options. In Michigan, these specialists must follow state licensing rules under the Mortgage Loan Act.
How much equity do I need for a home equity loan in Michigan?
Most lenders require at least 15 to 20 percent equity in your home. This means your loan balance must be no more than 80 to 85 percent of your home value. Michigan law does not set a specific equity minimum, but lender standards apply.

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