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Find Reverse Mortgage Specialists in St Clair Shores, MI
Compare reverse mortgage specialists in St Clair Shores. Review contact information and insurance categorys before you decide.
4 agents listed
Updated May 2026
St Clair Shores, 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 4 reverse mortgage specialists in St Clair Shores, 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.
OneMain Financial
27622 Little Mack Ave, St Clair Shores, MI 48081
5864980836
Lake Pointe Mortgage, L.L.C.
27735 Jefferson Ave, St Clair Shores, MI 48081
5868799308
Bradley Kress Mortgage Team #1387836
22483 Statler St, St Clair Shores, MI 48081
5864199197
Mike Maiorano Bestrate Mortgage
22218 Centennial St, St Clair Shores, MI 48081
2483105300
A reverse mortgage specialist in St Clair Shores Michigan helps seniors aged 62 and older convert home equity into tax free funds. Michigan law requires borrowers to complete a counseling session with a HUD approved counselor before applying. Local specialists guide clients through the process including the mandatory financial assessment and property charge requirements.
What Does a Reverse Mortgage Specialist in St Clair Shores 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 and recording. Total closing costs often range from 5,000 to 15,000 depending on the property value and loan type. These costs can be financed into the loan so you pay little upfront. 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 St Clair Shores Michigan?
Borrowers must be at least 62 years old. If there are multiple borrowers on the title all must meet this age requirement. Michigan follows federal HUD guidelines for this rule.
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 the home free and clear. However you must have substantial equity in the property. The existing mortgage balance will be paid off from the reverse mortgage proceeds at closing.
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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.