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Compare Reverse Mortgage Specialists in Berkley, MI
Looking for a reverse mortgage specialist in Berkley? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Berkley, 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 2 reverse mortgage specialists in Berkley, 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.
One Stop Financial Group LLC
2615 12 Mile Rd, Berkley, MI 48072
2482555429
JV Mortgage
3309 Thomas Ave, Berkley, MI 48072
2489340258
A reverse mortgage specialist in Berkley Michigan helps seniors aged 62 and older access home equity without monthly payments. In Michigan, borrowers must complete a HUD approved counseling session before applying. Local specialists can explain how Michigan property tax deferral programs interact with reverse mortgage proceeds.
What Does a Reverse Mortgage Specialist in Berkley Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee up to $6,000, a mortgage insurance premium of 2% of the home value, and third party fees such as appraisal and title search. Annual mortgage insurance is 0.5% of the loan balance. These costs are usually financed into the loan. 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 are the age requirements for a reverse mortgage in Berkley Michigan?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 or the loan may have special rules under Michigan law.
Do I need counseling before getting a reverse mortgage in Michigan?
Yes, Michigan requires all borrowers to complete a counseling session with a HUD approved agency. The session covers loan terms, costs, 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.