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Compare Reverse Mortgage Specialists in Scarborough, ME
Looking for a reverse mortgage specialist in Scarborough? Review the directory below to compare your options.
8 agents listed
Updated May 2026
Scarborough, 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 8 reverse mortgage specialists in Scarborough, 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.
Northpoint Mortgage, Inc.
23 Spring St # D, Scarborough, ME 04074
2075581880
Jason Burnell
23 Spring St # D, Scarborough, ME 04074
2076718434
Maine Mortgage Solutions LLC
114 Holmes Rd, Scarborough, ME 04074
2077301495
Home Base Mortgage Group, LLC
243 US-1, Scarborough, ME 04074
2072155071
Bart English
23 Spring St # D, Scarborough, ME 04074
2078882194
Assured Mortgage Solutions
383 US-1 #1f, Scarborough, ME 04074
8557282857
Primary Residential Mortgage, Inc. - Scarborough - Mark Maroon
360 US-1 #300, Scarborough, ME 04074
2078855070
Reverse Mortgage
360 US-1, Scarborough, ME 04074
2078855070
A reverse mortgage specialist in Scarborough Maine helps homeowners aged 62 and older convert home equity into cash. Maine law requires all reverse mortgage borrowers to complete a counseling session with a HUD approved counselor before applying. Scarborough residents benefit from specialists familiar with local property values and Maine specific regulations like the three day right of rescission period.
What Does a Reverse Mortgage Specialist in Scarborough Cost?
Typical costs for a reverse mortgage in Maine include an origination fee up to 6000 dollars a mortgage insurance premium of 2 percent of the home value and third party fees like appraisal and title search ranging from 500 to 1500 dollars. Closing costs generally total 3000 to 8000 dollars but can be financed into the loan. 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 Scarborough Maine?
Borrowers must be at least 62 years old. For a Home Equity Conversion Mortgage HECM all borrowers listed on the title must meet this age requirement. Spouses under 62 may have limited protections under Maine law.
Do I need counseling before getting a reverse mortgage in Maine?
Yes Maine law requires a HUD approved counseling session for all reverse mortgage applicants. The counselor will explain loan terms costs and alternatives. You must receive a signed counseling certificate before the lender can process your application.
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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.