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Browse reverse mortgage specialists serving Ada, Michigan. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Ada, 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 Michigan before hiring.
Showing 3 reverse mortgage specialists in Ada, 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.
Guild Mortgage Company
6410 Knapp St NE, Ada, MI 49301
6169186564
Melissa Rau - Preferred Rate
452 Ada Dr SE Suite 245, Ada, MI 49301
6168135201
Mallory Strotheide - Preferred Rate
452 Ada Dr SE Suite 245, Ada, MI 49301
5175261228
A reverse mortgage specialist in Ada Michigan helps homeowners aged 62 and older access home equity without monthly payments. Michigan law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists in Ada guide clients through the process and explain how property taxes and insurance must remain current.
What Does a Reverse Mortgage Specialist in Ada Cost?
Reverse mortgage costs in Michigan typically include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal and title work. Total closing costs often range from 5,000 to 15,000 dollars depending on the home value and lender. This is general information and 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 are the age requirements for a reverse mortgage in Ada Michigan?
Borrowers must be at least 62 years old. For married couples, both spouses must meet this age requirement if they are both on the loan title.
Do I need counseling before getting a reverse mortgage in Michigan?
Yes. Michigan law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session explains the loan terms and alternatives.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Michigan.