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Compare Reverse Mortgage Specialists in Garden City, MI
Browse reverse mortgage specialists serving Garden City, Michigan. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Garden City, 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 2 reverse mortgage specialists in Garden City, 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.
Edward D Sanders - Chase Home Lending Advisor - NMLS ID 33931
28925 Ford Rd, Garden City, MI 48135
3137783087
Chase Home Lending
28925 Ford Rd, Garden City, MI 48135
3137783087
A reverse mortgage specialist in Garden City, Michigan helps homeowners aged 62 and older convert home equity into tax free funds. Michigan law requires borrowers to complete HUD approved counseling before applying. These loans are regulated by the Michigan Department of Insurance and Financial Services to protect consumers.
What Does a Reverse Mortgage Specialist in Garden City Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third party fees for appraisal, title search, and recording. For a home valued at 200,000 dollars, total closing costs often range from 8,000 to 12,000 dollars. Michigan also charges a state mortgage tax of 0.0025 per 100 dollars of the loan amount. These costs are usually financed into the loan rather than paid 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 Garden City Michigan?
Borrowers must be at least 62 years old. If there are multiple owners, all must meet this age requirement. The home must be the borrower's primary residence in Garden City.
Are reverse mortgages in Michigan subject to any state specific rules?
Yes, Michigan requires a mandatory 3 day rescission period after closing. The state also mandates that lenders provide a list of approved housing counseling agencies. Michigan does not allow reverse mortgages on cooperative housing units.
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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.