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Compare Reverse Mortgage Specialists in Mt Clemens, MI
Compare reverse mortgage specialists in Mt Clemens. Review contact information and insurance categorys before you decide.
8 agents listed
Updated May 2026
Mt Clemens, 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 8 reverse mortgage specialists in Mt Clemens, 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.
Michigan Mortgage Pro
235 N Groesbeck Hwy Suite 300, Mt Clemens, MI 48043
5862103077
Intra Mortgage-Mathers Team
70 Macomb Pl, Mt Clemens, MI 48043
5867979111
Snappp Mortgage LLC
81 N Main St Suite 204, Mt Clemens, MI 48043
2484166090
Olive Tree Loans
75 N Main St #300, Mt Clemens, MI 48043
5863002431
Timothy Tomkowiak - Zillow Home Loans, Loan Officer
130 Cass Ave, Mt Clemens, MI 48043
2482597965
Thumbprint Financial LLC
59 N Walnut St Suite 301, Mt Clemens, MI 48043
5863074531
Action Mortgage Services Inc
191 North Ave A, Mt Clemens, MI 48043
5868682440
mortgage diane selvaggio
238 Church St, Mt Clemens, MI 48043
5866126714
A reverse mortgage specialist in Mt Clemens Michigan helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Michigan law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Local specialists guide clients through Michigan specific property tax deferral options and the non-recourse feature that protects heirs from debt beyond the homes value.
What Does a Reverse Mortgage Specialist in Mt Clemens Cost?
Typical costs for a reverse mortgage specialist in Michigan include an origination fee of up to 2 percent of the homes value capped at 6000 dollars. Closing costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value and annual premiums are 0.5 percent. Costs vary by loan amount and property value. 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 is a reverse mortgage specialist in Mt Clemens Michigan?
A reverse mortgage specialist is a licensed professional who helps seniors in Mt Clemens understand and apply for HECM loans. They coordinate with HUD-approved counselors and explain Michigan specific rules like the homestead property tax exemption for seniors.
What are the age and property requirements for a reverse mortgage in Michigan?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be a primary residence in Michigan such as a single-family home FHA-approved condo or manufactured home on a permanent foundation.
How does Michigan law protect reverse mortgage borrowers?
Michigan follows federal HECM rules including the non-recourse clause which means you will never owe more than the homes value at sale. Michigan also requires a three-day right of rescission after closing and mandates that lenders disclose total loan costs upfront.
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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.