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Compare Reverse Mortgage Specialists in Bingham Farms, MI
Browse reverse mortgage specialists serving Bingham Farms, Michigan. Contact information and addresses listed below.
7 agents listed
Updated May 2026
Bingham Farms, 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 7 reverse mortgage specialists in Bingham Farms, 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.
Rapid Home Lending Inc.
30700 Telegraph Rd Suite 4600, Bingham Farms, MI 48025
2485379200
Mortgage Depot, LLC
30800 Telegraph Rd # 2985, Bingham Farms, MI 48025
2489974919
Mortgage Express, Inc.
30400 Telegraph Rd suite 401, Bingham Farms, MI 48025
2484178982
Turbo Mortgage Funding, LLC
30100 Telegraph Rd Suite 250, Bingham Farms, MI 48025
2487013071
Horizon Financial Group, Inc.
30150 Telegraph Rd # 320, Bingham Farms, MI 48025
2485387162
LendingHero, LLC
30100 Telegraph Rd # 460, Bingham Farms, MI 48025
2482166263
Next Door Lending
30200 Telegraph Rd Ste 105, Bingham Farms, MI 48025
8888853667
Reverse mortgage specialists in Bingham Farms Michigan help homeowners aged 62 and older convert home equity into tax-free funds. Michigan law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Specialists in Bingham Farms can guide you through this process and explain how Michigan property tax deferral programs may interact with reverse mortgages.
What Does a Reverse Mortgage Specialist in Bingham Farms Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee 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 10,000 dollars. Costs vary by lender and loan type. 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 Bingham Farms Michigan?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Michigan law does not allow exceptions to this federal rule.
Do I need counseling before getting a reverse mortgage in Michigan?
Yes, Michigan requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. The session covers loan terms, costs, and alternatives. You must receive a certificate of completion before the loan can proceed.
How does a reverse mortgage affect my property taxes in Bingham Farms?
You must continue to pay property taxes and homeowners insurance. Michigan offers a Property Tax Deferral program for seniors, which may help. Failure to pay taxes can lead to foreclosure, even with a reverse mortgage.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.