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Looking for a reverse mortgage specialist in Lake Orion? Review the directory below to compare your options.
7 agents listed
Updated May 2026
Lake Orion, 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 Lake Orion, 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.
Tim Weaver
214 S Broadway St Suite 200, Lake Orion, MI 48362
8104128240
MiMutual Mortgage, Lake Orion MI
214 S Broadway St # 220, Lake Orion, MI 48362
2482205445
Diamond Residential Mortgage Corporation
36 W Flint St, Lake Orion, MI 48362
2485158281
Lucrative Home Loans
611 N Axford St # 391, Lake Orion, MI 48361
2488411240
Christian Newberry, Branch Manager - Supreme Lending
214 S Broadway St # 220, Lake Orion, MI 48362
2488958660
Lawrence Longcore - Diamond Residential Mortgage Corporation
36 W Flint St, Lake Orion, MI 48362
2486907559
Romain Financial
115 N Broadway St, Lake Orion, MI 48362
2486935908
Reverse mortgage specialists in Lake Orion Michigan help homeowners aged 62 and older convert home equity into tax-free funds without monthly mortgage payments. Michigan law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Specialists in Lake Orion guide clients through the process including property eligibility and loan repayment terms.
What Does a Reverse Mortgage Specialist in Lake Orion Cost?
Typical costs for a reverse mortgage in Michigan 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 fees such as appraisal title and recording costs usually between 500 and 2000 dollars. Closing 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 eligibility requirements for a reverse mortgage in Lake Orion Michigan?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the primary residence and meet HUD minimum property standards. Michigan law does not impose additional state-specific eligibility rules beyond federal HECM requirements.
How does Michigan law affect reverse mortgage proceeds and taxes?
Reverse mortgage proceeds are not considered taxable income in Michigan or for federal purposes. However they may affect eligibility for Michigan property tax deferment programs or Medicaid benefits. Consult a tax professional for your specific situation.
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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.