Michigan is one of the states in the United States where reverse mortgages are popular. This type of mortgage allows seniors to convert a portion of their home equity into cash without having to sell their homes or make monthly loan repayments. If you’re a senior looking for a reverse mortgage lender in Michigan, here are the top 10 lenders you should consider.
1. One Reverse Mortgage
One Reverse Mortgage is a division of Quicken Loans, one of the largest mortgage lenders in the United States. The company offers a variety of reverse mortgage options, including fixed-rate and adjustable-rate loans. One Reverse Mortgage is known for its excellent customer service and competitive interest rates.
2. Liberty Home Equity Solutions
Liberty Home Equity Solutions is another top reverse mortgage lender in Michigan. The company offers a range of products, including HECM for Purchase, which allows seniors to buy a new home with a reverse mortgage. Liberty Home Equity Solutions is known for its flexible underwriting and competitive pricing.
3. Finance of America Reverse
Finance of America Reverse is a leading reverse mortgage lender with a strong presence in Michigan. The company offers a variety of reverse mortgage options, including jumbo loans for high-value homes. Finance of America Reverse is known for its fast and efficient loan processing.
4. Reverse Mortgage Funding
Reverse Mortgage Funding is a top reverse mortgage lender that offers a range of products, including HECM for Purchase and jumbo loans. The company is known for its personalized service and competitive interest rates.
5. American Advisors Group
American Advisors Group is a leading reverse mortgage lender that has helped thousands of seniors in Michigan and across the United States. The company offers a variety of reverse mortgage options, including fixed-rate and adjustable-rate loans. American Advisors Group is known for its educational resources and customer service.
6. All Reverse Mortgage
All Reverse Mortgage is a Michigan-based lender that specializes in reverse mortgages. The company offers a range of products, including jumbo loans and HECM for Purchase. All Reverse Mortgage is known for its low fees and fast loan processing.
7. Reverse Mortgage Solutions
Reverse Mortgage Solutions is a top reverse mortgage lender that offers a range of products, including HECM for Purchase and jumbo loans. The company is known for its fast and efficient loan processing and excellent customer service.
8. Longbridge Financial
Longbridge Financial is a leading reverse mortgage lender that offers a variety of products, including fixed-rate and adjustable-rate loans. The company is known for its flexible underwriting and competitive interest rates.
9. Mutual of Omaha Mortgage
Mutual of Omaha Mortgage is a well-known mortgage lender that also offers reverse mortgages. The company offers a range of products, including HECM for Purchase and jumbo loans. Mutual of Omaha Mortgage is known for its excellent customer service and competitive pricing.
10. Reverse Mortgage Professionals
Reverse Mortgage Professionals is a Michigan-based lender that specializes in reverse mortgages. The company offers a range of products, including jumbo loans and HECM for Purchase. Reverse Mortgage Professionals is known for its personalized service and competitive pricing.
In conclusion, if you’re a senior looking for a reverse mortgage lender in Michigan, these are the top 10 lenders you should consider. Each of these lenders offers a range of products and excellent customer service. Be sure to compare rates and fees before choosing a lender to ensure that you get the best deal possible.