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Looking for a reverse mortgage specialist in Auburn Hills? Review the directory below to compare your options.
3 agents listed
Updated May 2026
Auburn Hills, 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 3 reverse mortgage specialists in Auburn Hills, 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.
Range Lending, LLC
61 S Squirrel Rd, Auburn Hills, MI 48326
6168903087
Lynn Marie Oates - Mortgage Loan Officer
2901 Auburn Rd Suite 200, Auburn Hills, MI 48326
2488751029
Splendor Home Loans
2824 Davison Ave, Auburn Hills, MI 48326
2488023897
A reverse mortgage specialist in Auburn Hills, 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). Specialists guide clients through Michigan-specific property tax deferral options and the mandatory counseling process.
What Does a Reverse Mortgage Specialist in Auburn Hills Cost?
Typical costs for a reverse mortgage specialist in Michigan include an origination fee (up to 2% of the home value, capped at $6,000), a mortgage insurance premium (2% upfront plus 0.5% annually), and third-party costs like appraisal ($400-$600) and counseling ($125-$150). Closing costs generally range from $2,000 to $5,000. These costs can be 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 eligibility requirements for a reverse mortgage in Auburn Hills 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, and the borrower must complete a HUD-approved counseling session. Michigan law also requires that the home meets FHA property standards.
How does Michigan law affect reverse mortgage proceeds?
Michigan exempts reverse mortgage proceeds from state income tax. However, the loan balance can affect eligibility for certain state benefits like Medicaid. Borrowers should consult a specialist to understand how proceeds interact with Michigan property tax deferral programs.
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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.