Michigan Reverse Mortgage - What You Need to Know
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- How Much Can I Borrow
- Reverse Loan Qualifications
- Reverse Mortgage Process
- Fixed vs Adjustable
- Reverse Mortgage vs. HELOC
- Reverse Mortgage Scam
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Michigan Reverse Mortgage - What You Need to Know
Discover your reverse mortgage options in Michigan. Whether you own a free-standing suburban home or condominium in the city, you can get the information that you need on reverse mortgages, how to qualify for a reverse mortgages, and where to begin. The more you know the better your chances of getting a great deal.
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Snapshot of Michigan
10 M
Population$115,600
Median Home Value74%
Home Ownership Rate13%
Percent PopulationOver 65Find Your City to Compare State and National Averages
| Location | Population | Med. Home Value | Home Ownership Rate | % Population Over 65 |
|---|---|---|---|---|
| USA | 307,006,550 | $119,600 | 66% | 13% |
| Michigan | 9,969,727 | $115,600 | 74% | 13% |
| Allen Park | 27,616 | $118,700 | 88% | 21% |
| Ann Arbor | 113,206 | $181,400 | 45% | 8% |
| Battle Creek | 52,777 | $71,000 | 66% | 14% |
| Bay City | 34,449 | $65,700 | 70% | 14% |
| Burton | 30,875 | $84,500 | 81% | 11% |
| Dearborn | 92,382 | $129,300 | 73% | 16% |
| Dearborn Heights | 55,278 | $110,800 | 85% | 19% |
| Detroit | 871,121 | $63,600 | 55% | 10% |
| East Lansing | 46,009 | $144,300 | 32% | 6% |
| Eastpointe | 32,949 | $98,100 | 88% | 17% |
| Farmington Hills | 79,793 | $227,300 | 67% | 14% |
| Flint | 117,068 | $49,700 | 59% | 11% |
| Garden City | 28,473 | $110,700 | 86% | 14% |
| Grand Rapids | 193,083 | $91,400 | 60% | 12% |
| Holland | 34,245 | $107,900 | 67% | 14% |
| Inkster | 28,443 | $68,000 | 58% | 11% |
| Jackson | 34,554 | $64,300 | 58% | 12% |
| Kalamazoo | 72,161 | $83,000 | 48% | 10% |
| Kentwood | 46,574 | $120,600 | 61% | 10% |
| Lansing | 114,276 | $73,500 | 58% | 10% |
| Lincoln Park | 37,595 | $84,100 | 79% | 14% |
| Livonia | 96,736 | $161,800 | 89% | 17% |
| Madison Heights | 30,042 | $110,600 | 70% | 14% |
| Midland | 41,551 | $114,400 | 70% | 14% |
| Mount Pleasant | 26,203 | $95,500 | 34% | 7% |
| Muskegon | 39,608 | $59,800 | 57% | 12% |
| Novi | 54,105 | $236,300 | 71% | 8% |
| Oak Park | 30,960 | $114,400 | 75% | 12% |
| Pontiac | 67,124 | $74,300 | 53% | 9% |
| Port Huron | 31,302 | $84,400 | 57% | 14% |
| Portage | 45,236 | $120,800 | 69% | 12% |
| Rochester Hills | 69,833 | $226,200 | 79% | 11% |
| Roseville | 47,406 | $97,800 | 75% | 15% |
| Royal Oak | 57,984 | $150,900 | 70% | 15% |
| Saginaw | 57,523 | $46,800 | 64% | 11% |
| Southfield | 76,090 | $155,400 | 54% | 15% |
| Southgate | 29,215 | $109,200 | 71% | 16% |
| Sterling Heights | 127,991 | $160,700 | 79% | 12% |
| Taylor | 64,240 | $93,000 | 71% | 11% |
| Troy | 81,118 | $219,800 | 77% | 10% |
| Warren | 134,589 | $117,800 | 80% | 17% |
| Westland | 84,504 | $118,500 | 63% | 13% |
| Wyandotte | 26,473 | $101,700 | 73% | 16% |
| Wyoming | 70,155 | $93,000 | 68% | 9% |
Source U.S. Census Bureau: State and County QuickFacts. Data derived from Population Estimates, Census of Population and Housing, Small Area Income and Poverty Estimates, State and County Housing Unit Estimates, County Business Patterns, Nonemployer Statistics, Economic Census, Survey of Business Owners, Building Permits, Consolidated Federal Funds Report
