Michigan Reverse Mortgage Lenders
Reverse Mortgage Product Options in South Michigan
| HomeForLife | HECM | |
| Traditional Reverse Mortgage (Reverse Mortgage 101) | Yes | Yes |
| Refinance Existing Reverse Mortgage with Another (HECM to HECM) | Yes | Yes |
| Purchase a Home with a Reverse Mortgage (HECM for Purchase) | Yes | Yes |
| Minimum Age for Eligibility in MI | Not Available | 62 |
| Get Your Quote → | Get Your Quote → |
Reverse Mortgage Interest Rates in Michigan
As of today, the 10-year CMT index is trading at 4.00%. Reverse mortgage interest rates adjust weekly on Tuesdays, so the next adjustment date will be Tuesday, November 4, 2025. (Updated 30 October 2025)
The projected index for next week is 4.00%, compared to this week’s index, which is 4.00%. This means that rates are projected to be between 5.75% and 6.50%.
Click to learn more about Reverse Mortgage Interest Rates (& how they affect you) →
Local Reverse Mortgage Lenders in Michigan
Although South River Mortgage originates loans all across the country, we do maintain a local presence in Michigan. We have a resident agent location at 8164 Executive Court, Suite C, Lansing, MI 48917. Get Your Quote →
HUD also maintains a list of local lenders. Get Your Quote →
Reverse Mortgage Loan Origination Statistics in Michigan
We have pulled together a number of useful reverse mortgage loan statistics for MI. These loan origination statistics are put together below as a courtesy, and as such, we cannot make any guarantees about the accuracy of the information.
Note that this data was sourced from a proprietary data set, so it includes loans outside of the FHA HECM loans listed on the HECM Portfolio Snapshot.
Reverse Mortgages in Michigan
Download the dataset (anonymized) as a CSV file
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Average Reverse Mortgage Home Values in Michigan
Download the dataset (anonymized) as a CSV file
Reverse Mortgage Interest Rates in Michigan
Download the dataset (anonymized) as a CSV file
State Regulator & Licensing in Michigan
Make sure you are working with a licensed mortgage lender in Michigan. South River Mortgage maintains approval with Michigan and holds the Consumer Loan Company License #CL-1854524.
County-Specific Loan Information in Michigan
Michigan has 33, and each county has its own specifics. We have compiled county-by-county loan statistics and information, whether you are looking for a reverse mortgage or just curious about loan origination activity. Kindly note that this information is provided on a best-efforts basis – and while we do as much quality control work as possible – we make no guarantees to the accuracy of loan statistical information provided.