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 20 reverse mortgage specialists in Grand Rapids, 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.
Treadstone Mortgage
210 Fulton St E, Grand Rapids, MI 49503
6167749160
VanDyk Mortgage Corporation
2449 Camelot Ct SE, Grand Rapids, MI 49546
8884826395
Team Mortgage Company, LLC
5043 Cascade Rd SE A, Grand Rapids, MI 49546
6169749710
Heartland Home Mortgage
6190 Kalamazoo Ave SE, Grand Rapids, MI 49508
8773500007
Mortgage 1 Inc.
3243 E Paris Ave SE, Grand Rapids, MI 49512
6169573480
West Michigan Mortgage
620 Stocking Ave NW, Grand Rapids, MI 49504
6163305933
My City Home Loans
824 Bridge St NW Suite 1, Grand Rapids, MI 49504
6166224022
Lake State Mortgage
5500 Northland Dr NE Suite J, Grand Rapids, MI 49525
6164812232
Priority Home Mortgage - Grand Rapids
3333 Grand Ridge Dr NE, Grand Rapids, MI 49525
6169511561
Midwest Mortgage Lending
1444 Michigan St NE STE 5, Grand Rapids, MI 49503
6163232026
MiMutual Mortgage powered by Supreme Lending - Grand Rapids, MI
4595 Broadmoor Ave SE STE 100, Grand Rapids, MI 49512
6168886222
Mortgage And Real Estate Help
2130 Wealthy St SE, Grand Rapids, MI 49506
6166333692
Ruoff Mortgage - Grand Rapids
1555 Arboretum Dr SE #101, Grand Rapids, MI 49546
6164584500
Steve Kik Mortgage Loan Originator - NMLS #784203
2209 Plainfield Ave NE, Grand Rapids, MI 49505
6167237739
United Lending Company LLC, NMLS 2191044
2231 Christine Ct SE, Grand Rapids, MI 49546
6169167938
Alicia Force - Reverse Mortgage Consultant - NMLS 793178 Longbridge Financial LLC
4515 Braeburn SE, Grand Rapids, MI 49546
6163044569
Corey Vandenberg - Lakestate Mortgage
5500 Northland Dr NE Suite J, Grand Rapids, MI 49525
7653372902
Leeward Point Mortgage Brokers - Mike Alkema Group
3040 Grenada Dr SE, Grand Rapids, MI 49546
6163191640
MI Preferred Lender LLC
1147 Bridge St NW #1, Grand Rapids, MI 49504
2693776920
Your Home Mortgage | NMLS #2314080
1514 Wealthy St SE, Grand Rapids, MI 49506
6164464444
What Does a Reverse Mortgage Specialist in Grand Rapids Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee up to 6,000 dollars or 2 percent of the home value whichever is less. Closing costs such as appraisal title insurance and recording fees range from 2,000 to 5,000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. Costs vary by loan size and lender. 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 Grand Rapids Michigan?
Borrowers must be at least 62 years old. The loan is based on the youngest borrower age if there are multiple owners. Michigan law does not change this federal requirement.
Do I need counseling before getting a reverse mortgage in Michigan?
Yes Michigan requires HUD-approved counseling for all reverse mortgage applicants. The session typically costs around 125 dollars and covers loan terms costs and alternatives. You must complete it before the lender can process your application.
Are reverse mortgage proceeds taxable in Michigan?
No reverse mortgage proceeds are not considered income for federal or Michigan state tax purposes. However interest on the loan is not deductible until the loan is repaid. Consult a tax professional for your specific situation.