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.
Reverse Mortgage Specialists in Grosse Pointe Farms, MI
Compare reverse mortgage specialists in Grosse Pointe Farms. Review contact information and insurance categorys before you decide.
4 agents listed
Updated May 2026
Grosse Pointe 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 4 reverse mortgage specialists in Grosse Pointe 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.
Hill Mortgage
81 Kercheval Ave Suite 300, Grosse Pointe Farms, MI 48236
3136363700
Nathan Steiner at Rate (NMLS #771054)
86 Kercheval Ave, Grosse Pointe Farms, MI 48236
3135703121
Rate
86 Kercheval Ave, Grosse Pointe Farms, MI 48236
3132796886
Fifth Third Mortgage - Brian Rumohr
66 Kercheval Ave, Grosse Pointe Farms, MI 48236
5864057907
Reverse mortgage specialists in Grosse Pointe Farms help older homeowners access home equity without monthly payments. Michigan law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists in this Wayne County community can guide you through the process and explain local property tax implications.
What Does a Reverse Mortgage Specialist in Grosse Pointe Farms Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee up to 2% of the home value, a mortgage insurance premium of 2% of the appraised value, and third-party costs like appraisal and title search. Total closing costs often range from 5,000 to 15,000 dollars. 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 Grosse Pointe Farms?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Michigan law follows federal HECM guidelines for age eligibility.
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. This session covers loan terms, costs, and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in Grosse Pointe Farms?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Michigan law gives lenders the right to foreclose after a default. You must keep the home in good condition and pay all required charges.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Grosse Pointe Farms 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.