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 12 reverse mortgage specialists in Bloomfield 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.
Melissa L. Carrier at CrossCountry Mortgage
43252 Woodward Ave suite #202, Bloomfield Hills, MI 48302
2482845576
Greg Goddard at CrossCountry Mortgage
43252 Woodward Ave suite #202, Bloomfield Hills, MI 48302
7345402332
Grant Gerhard at CrossCountry Mortgage
43252 Woodward Ave suite #202, Bloomfield Hills, MI 48302
2484093985
Crystal France at CrossCountry Mortgage
43252 Woodward Ave suite #202, Bloomfield Hills, MI 48302
2482495486
Stockton Mortgage Company- Diana Evennou, Mortgage Banker
39520 Woodward Ave Suite #205, Bloomfield Hills, MI 48304
2487602015
Endurance Lending Group
41000 Woodward Ave Suite 350 East, Bloomfield Hills, MI 48304
2484808485
Lighthouse Mortgage Group
6441 Inkster Rd Ste 150, Bloomfield Hills, MI 48301
2483830026
St James Mortgage Corporation
42676 Woodward Ave, Bloomfield Hills, MI 48304
8008377005
Mike LaBara at CrossCountry Mortgage
43252 Woodward Ave suite #202, Bloomfield Hills, MI 48302
2484093992
Simply Mortgage
6755 Telegraph Rd Suite 330, Bloomfield Hills, MI 48301
2486862720
Carpe Diem Visions
41000 Woodward Ave Suite 350 East - #4092, Bloomfield Hills, MI 48304
3134330829
CrossCountry Mortgage, LLC
43252 Woodward Ave suite #202, Bloomfield Hills, MI 48302
2487066022
What Does a Reverse Mortgage Specialist in Bloomfield Hills Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the homes value, and third-party closing costs like appraisal and title search. Total upfront costs often range from $8,000 to $15,000. These costs can be financed into the loan so you pay little out of pocket. 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 eligibility requirements for a reverse mortgage in Bloomfield Hills Michigan?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet FHA property standards. Michigan law requires a mandatory counseling session with a HUD-approved counselor before you can apply.
How much can I borrow with a reverse mortgage in Bloomfield Hills?
The amount depends on the age of the youngest borrower, the homes appraised value, and current interest rates. In Oakland County, home values are often above the national median, which can increase your borrowing limit. The maximum claim amount for FHA reverse mortgages is $1,089,300 in 2024.