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Browse reverse mortgage specialists serving Bangor, Maine. Contact information and addresses listed below.
19 agents listed
Updated May 2026
Bangor, ME
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 Maine before hiring.
Showing 19 reverse mortgage specialists in Bangor, ME
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Shannon Odom, Mortgage Loan Officer - NMLS 509649
1 Cumberland St # 308, Bangor, ME 04401
2075610944
Jillian Benson, Mortgage Broker - NMLS 2013699
40 Summer St, Bangor, ME 04401
5086159743
Mark Lloyd
4 Union St Suite 24, Bangor, ME 04401
2074782065
Chuck Pine, Mortgage Broker - Maine Choice Mortgage
40 Summer St Suite 1, Bangor, ME 04401
2079493770
Academy Mortgage
753 Stillwater Ave #2, Bangor, ME 04401
2077355676
Maine Choice Mortgage - Kristen Murray
40 Summer St Suite 1, Bangor, ME 04401
2074784887
Rae Ann Rice
189a State St, Bangor, ME 04401
2079748996
Embrace Home Loans - Bangor, ME
135A Broadway, Bangor, ME 04401
8556129398
Jon Glazier, Mortgage Banker - NMLS 1422202
1 Cumberland St # 308, Bangor, ME 04401
2079912819
Joe Seccareccia
10 Independent St, Bangor, ME 04401
2077459314
New Reach Financial
Bangor, ME 04401
2079922411
Jon Hutchins NMLS #209950 Maine Choice Mortgage
40 Summer St Suite 1, Bangor, ME 04401
2072993082
Harvey Gosselin
189A State St, Bangor, ME 04401
2078882138
Cameron Cota - NextMortgage
57 Washington St, Bangor, ME 04401
2072996252
Maine Pro Mortgage
417 Main St, Bangor, ME 04401
2078003233
Jordyn Cote
4 Union St Suite 24, Bangor, ME 04401
2072491504
Michele Francis at Maine Pro Mortgage
417 Main St, Bangor, ME 04401
2075579282
RMS Mortgage
40 Summer St Suite 1, Bangor, ME 04401
2079493770
Total Mortgage Bangor NMLS #2536684
9 May St 2nd Floor, Bangor, ME 04401
2074782065
A reverse mortgage specialist in Bangor, Maine helps homeowners aged 62 and older convert home equity into tax-free funds. Maine law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Bangor specialists can guide you through this process and explain how Maine property tax deferral programs may interact with your reverse mortgage.
What Does a Reverse Mortgage Specialist in Bangor Cost?
Typical costs for a reverse mortgage in Maine include an origination fee (up to $6,000), a mortgage insurance premium (2% of the home value upfront plus 0.5% annually), and third-party fees such as appraisal ($400-$800) and title insurance ($500-$1,500). Closing costs generally range from $2,000 to $8,000. Costs vary by loan amount and lender. 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 eligibility requirements for a reverse mortgage in Bangor Maine?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet FHA property standards. You also need to complete a HUD-approved counseling session, which is mandatory under federal and Maine law.
How does a reverse mortgage affect my Maine property taxes?
You remain responsible for paying property taxes, homeowners insurance, and home maintenance. If you fall behind on taxes, the loan may become due. Maine offers a Property Tax Deferral program for seniors that can help, but you should discuss this with your specialist to avoid default.
Can I lose my home with a reverse mortgage in Bangor?
Yes, if you fail to pay property taxes, maintain insurance, or keep the home in good repair. You can also lose the home if you move out for more than 12 consecutive months. Maine law provides a 30-day cure period after a default notice before foreclosure can begin.
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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 Maine.