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Compare Reverse Mortgage Specialists in Northville, MI

Looking for a reverse mortgage specialist in Northville? Review the directory below to compare your options.

10 agents listed
Updated May 2026
Northville, 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 10 reverse mortgage specialists in Northville, 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.
Chris Terry - Flagstar Bank - NMLS # 157592
39900 Eight Mile W, Northville, MI 48167
3137904008
Michael Hyman | New American Funding
134 Maincentre, Northville, MI 48167
2484971233
Lisa Miller, Loan Officer - Flagstar Bank
21800 Haggerty Rd #102, Northville, MI 48167
2486604367
Iron Mortgage
114 W Main St, Northville, MI 48167
2489380075
Marty Croll - Flagstar Bank - NMLS# 2064542
21800 Haggerty Rd #102, Northville, MI 48167
3138049420
Arch Group at CrossCountry Mortgage
42949 7 Mile, Northville, MI 48167
3133103030
Cobblestone Financial - Mortgage Broker
192 E Main St, Northville, MI 48167
2483302464
The Mortgage Link | Northville, MI
21500 Haggerty Rd Suite 210, Northville, MI 48167
2406838585
Lendingpoint Mortgage
133 W Main St Suite 155A, Northville, MI 48167
2489208700
Brokers United Mortgage
436 N Center St, Northville, MI 48167
7347779740

What Does a Reverse Mortgage Specialist in Northville Cost?

Typical costs for a reverse mortgage specialist in Michigan include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Closing costs such as appraisal title insurance and recording fees usually range from 2000 to 5000 dollars. Borrowers also pay an upfront mortgage insurance premium of 2 percent of the appraised value and annual premiums of 0.5 percent. These costs vary by lender 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 Northville Michigan?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Michigan law does not have any additional age restrictions beyond the federal HUD guidelines.
Do I need to own my home free and clear to qualify for a reverse mortgage in Michigan?
No, you do not need to own your home free and clear. However, you must have significant equity in the property. Any existing mortgage or liens must be paid off with the reverse mortgage proceeds at closing.
What happens to the reverse mortgage when I move out or pass away in Michigan?
The loan becomes due and payable when the last borrower permanently moves out or passes away. Heirs have up to 12 months to repay the loan or sell the home. Michigan law allows a 30 day extension if needed.