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Compare Reverse Mortgage Specialists in Andover, MA
Compare reverse mortgage specialists in Andover. Review contact information and insurance categorys before you decide.
14 agents listed
Updated May 2026
Andover, 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 14 reverse mortgage specialists in Andover, 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.
Total Mortgage
75 Essex St, Andover, MA 01810
9788529707
Matthew Tran - Total Mortgage, NMLS #1644981
75 Essex St, Andover, MA 01810
9789738311
Homeownership Hub
1 Main St, Andover, MA 01810
6179594885
Jim Kochakian at CrossCountry Mortgage
2 Elm Square Suite 201B, Andover, MA 01810
9788357413
Cremon Mortgage Experts
11 Chestnut St Suite 6A, Andover, MA 01810
7813675059
Mary Schruender at Rate (NMLS #885647)
2 Elm Ct #203, Andover, MA 01810
9784078397
Kathy Vasel at CrossCountry Mortgage
44 Park St 1st Floor, Ste 1, Andover, MA 01810
9782671467
Guaranteed Rate- Mike Suffoletto
2 Elm Ct #203, Andover, MA 01810
6173837283
Olga Lee at CrossCountry Mortgage
44 Park St 1st Floor, Suite 1, Andover, MA 01810
6173203521
Jim Kelley – Mortgage Loan Officer at Bangor Savings Bank (NMLS #22227)
26 Chestnut St, Andover, MA 01810
9782700851
Anne Concemi - Total Mortgage, NMLS #3527
75 Essex St, Andover, MA 01810
9788529707
EJL Mortgage
63 Park St Suite 16B, Andover, MA 01810
6178420141
Rate
2 Elm Ct #203, Andover, MA 01810
7818100587
CrossCountry Mortgage, LLC
44 Park St 1st Floor, Andover, MA 01810
7817992856
Reverse mortgage specialists in Andover Massachusetts help homeowners aged 62 and older access home equity without monthly payments. Massachusetts law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. These specialists guide clients through state-specific rules including mandatory repayment when the home is sold or the borrower moves out.
What Does a Reverse Mortgage Specialist in Andover Cost?
Typical costs for a reverse mortgage specialist in Massachusetts include an origination fee of up to 2 percent of the home value and a mortgage insurance premium of 2 percent of the appraised value. Closing costs such as appraisal and title fees range from 2000 to 5000 dollars. These costs 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 is a reverse mortgage specialist in Andover Massachusetts?
A reverse mortgage specialist is a licensed professional who helps seniors understand and apply for reverse mortgages. In Massachusetts they must follow state lending laws and ensure borrowers complete required HUD counseling.
Are there age requirements for a reverse mortgage in Massachusetts?
Yes you must be at least 62 years old to qualify for a federally insured Home Equity Conversion Mortgage in Massachusetts. The specialist will verify your age and review your financial situation.
What Massachusetts laws apply to reverse mortgages?
Massachusetts requires a mandatory three-day right of rescission after closing. Borrowers must also attend a HUD-approved counseling session. The loan becomes due when the last borrower dies sells the home or permanently moves out.
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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.