ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Browse reverse mortgage specialists serving Clio, Michigan. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Clio, 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 Clio, 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.
Chase Mortgage
4130 W Vienna Rd, Clio, MI 48420
8106871550
PNC Mortgage
107 E Vienna St, Clio, MI 48420
8106861300
A reverse mortgage specialist in Clio Michigan can help homeowners aged 62 and older convert home equity into tax-free funds. Michigan law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists in Clio guide clients through the process and explain how the loan affects inheritance and property taxes.
What Does a Reverse Mortgage Specialist in Clio Cost?
Reverse mortgage costs in Michigan typically include an origination fee up to 2 percent of the home value (capped at 6000 dollars), a mortgage insurance premium of 2 percent of the appraised value, and third-party closing costs such as appraisal and title fees. Total closing costs often range from 8000 to 15000 dollars but vary by lender and loan amount. 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 eligibility requirements for a reverse mortgage in Clio Michigan?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Michigan law also requires you to complete a counseling session with a HUD-approved counselor before applying.
How does a reverse mortgage affect my property taxes in Michigan?
A reverse mortgage does not change your property tax obligations. You must continue to pay property taxes and homeowners insurance on time. Failure to pay taxes can lead to foreclosure even with a reverse mortgage.
Can I lose my home with a reverse mortgage in Clio Michigan?
Yes you can lose your home if you do not pay property taxes, maintain homeowners insurance, or keep the property in good repair. Michigan law does not provide special protections beyond federal HECM requirements. The loan becomes due when the last borrower moves out or dies.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Clio who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
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.