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 4 reverse mortgage specialists in Niles, 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.
Ron Rogers, Ruoff Mortgage
815 W Main St suite b, Niles, MI 49120
2694490754
Ruoff Mortgage
815 E Main St suite b, Niles, MI 49120
2693405925
Stacy Deitrich, Ruoff Mortgage
815 W Main St suite b, Niles, MI 49120
2692084435
Community Mortgage
8 S Lincoln Ave, Niles, MI 49120
2696833040
What Does a Reverse Mortgage Specialist in Niles Cost?
Typical costs for a reverse mortgage specialist in Michigan include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third-party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Michigan law does not set specific fee caps beyond federal HECM limits. Costs vary by situation based on property value and loan type. 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 age requirements for a reverse mortgage in Niles Michigan?
Borrowers must be at least 62 years old. If married the younger spouse must also be 62 to be a co-borrower. Michigan law follows federal HECM age rules.
Do I need counseling before getting a reverse mortgage in Michigan?
Yes Michigan requires HUD-approved counseling for all reverse mortgage applicants. The counseling session covers loan terms costs and alternatives. You must receive a certificate of completion before the lender can process your application.