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Find Reverse Mortgage Specialists in Sterling Heights, MI
Looking for a reverse mortgage specialist in Sterling Heights? Review the directory below to compare your options.
10 agents listed
Updated June 2026
Sterling Heights, 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 State Mortgage Licensing Authority of Michigan before hiring.
Showing 10 reverse mortgage specialists in Sterling Heights, 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.
Great Lakes Mortgage Financial - Sterling Heights
13900 Lakeside Cir #201, Sterling Heights, MI 48313
What Does a Reverse Mortgage Specialist in Sterling Heights Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee of 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 for appraisal title search and recording. Closing costs generally range from 2000 to 8000 dollars depending on the loan amount and property value. These costs can be financed into the loan so the borrower pays little upfront. This is general information and 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 Sterling Heights Michigan?
Borrowers must be at least 62 years old to qualify for a HECM reverse mortgage in Michigan. If there are multiple borrowers, the youngest borrower must meet this age requirement. The home must be the primary residence of all borrowers.
Is a reverse mortgage specialist required to provide counseling in Michigan?
Yes Michigan law mandates that all reverse mortgage applicants complete a counseling session with a HUD-approved counselor before submitting a loan application. The counselor explains loan terms costs and alternatives. This session can be done in person or by phone.
Reverse Mortgage Specialists in Other Michigan Cities
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state 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 State Mortgage Licensing Authority of Michigan.