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Directory of reverse mortgage specialists in Amesbury, Massachusetts. Verify credentials with the state mortgage licensing authority before hiring.
4 agents listed
Updated May 2026
Amesbury, MA
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 Massachusetts before hiring.
Showing 4 reverse mortgage specialists in Amesbury, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Eric Palen Bluewater Mortgage
110 Haverhill Rd #211, Amesbury, MA 01913
9786975146
Saltbox Financial LLC
110 Haverhill Rd #307, Amesbury, MA 01913
9785722071
Blue Water Mortgage
110 Haverhill Rd Ste 452, Amesbury, MA 01913
9786975146
National Mortgage Advice, LLC
110 Haverhill Rd Suite 312 - Building C, Amesbury, MA 01913
7818201745
A reverse mortgage specialist in Amesbury Massachusetts helps homeowners aged 62 and older convert home equity into cash without monthly payments. Massachusetts law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Amesbury residents can use these funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Amesbury Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee (up to $6,000), mortgage insurance premium (2% of the appraised value upfront plus 0.5% annually), appraisal fee ($400 to $800), and closing costs ($1,000 to $3,000). Total upfront costs often range from $8,000 to $15,000. These costs are usually financed into the loan so you pay little out of pocket. 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 Amesbury Massachusetts?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet HUD property standards. Massachusetts law also requires you to attend a counseling session with a HUD-approved counselor before you can apply.
Do I need to repay a reverse mortgage while I live in the home?
No, you do not need to make monthly payments on a reverse mortgage. The loan becomes due when you sell the home, move out permanently, or pass away. In Massachusetts, the lender must give you a notice if you fail to pay property taxes or insurance, and you have a right to cure the default.
How much can I borrow with a reverse mortgage in Amesbury?
The amount you can borrow depends on your age, the appraised value of your home, and current interest rates. For 2024, the HECM loan limit is $1,089,300 for most areas including Essex County. A specialist can provide a personalized estimate based on your specific situation.
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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 Massachusetts.