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Reverse Mortgage Specialists in Brownstown Township, MI
Compare reverse mortgage specialists in Brownstown Township. Review contact information and insurance categorys before you decide.
5 agents listed
Updated May 2026
Brownstown Township, 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 5 reverse mortgage specialists in Brownstown Township, 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.
Brad Seid Mortgage
27102 Debiasi Dr, Brownstown Township, MI 48174
2484083855
Julie Sammons
19366 Allen Rd A, Brownstown Township, MI 48183
7342861446
Downriver Mortgages
20665 Indiana Ave, Brownstown Township, MI 48183
3132891023
Ruoff Mortgage - Downriver
19366 Allen Rd, Brownstown Township, MI 48183
2692025045
Simple Mortgage
21919 Telegraph Rd, Brownstown Township, MI 48183
7349256216
A reverse mortgage specialist in Brownstown Township 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. Brownstown Township residents often use reverse mortgages to supplement retirement income or pay for home repairs.
What Does a Reverse Mortgage Specialist in Brownstown Township Cost?
In Michigan reverse mortgage costs include an origination fee of up to $6,000 or 2% of the home value whichever is less. The upfront mortgage insurance premium is 2% of the appraised value. Third-party fees for appraisal title search and recording typically range from $500 to $1,500. Annual mortgage insurance premiums are 0.5% of the loan balance. These costs are usually rolled 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 Brownstown Township?
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 HUD property standards. Michigan law also requires you to attend a counseling session with a HUD-approved agency.
How much can I borrow with a reverse mortgage in Michigan?
The amount depends on your age the appraised home value and current interest rates. In 2024 the maximum claim amount for FHA-insured reverse mortgages is $1,089,300. Older borrowers generally qualify for higher loan amounts.
What costs are involved with a reverse mortgage in Brownstown Township?
Typical costs include an origination fee up to $6,000 a mortgage insurance premium of 2% of the appraised value and third-party fees for appraisal title and recording. Michigan law does not cap these fees so compare offers from multiple lenders.
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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.