ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists Near You in Beverly, MA
Compare reverse mortgage specialists in Beverly. Review contact information and insurance categorys before you decide.
10 agents listed
Updated May 2026
Beverly, 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 10 reverse mortgage specialists in Beverly, 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.
Goldcoast Mortgage Service, Inc
100 Cummings Center Suite 544-H, Beverly, MA 01915
9789224446
Academy Mortgage
152 Conant St, Beverly, MA 01915
7812053040
George Koutsos: CrossCountry Mortgage
138 Conant St 2nd Floor, Beverly, MA 01915
7818640889
Brian Driscoll - Draper & Kramer Mortgage Corp.
100 Cummings Center Suite 236H, Beverly, MA 01915
7816966854
Laura Barron at Salem Five Mortgage Company
140 Rantoul St, Beverly, MA 01915
9785591614
Tony Barletta Jr. NMLS #18717
324 Rantoul St Unit 2, Beverly, MA 01915
7812230845
Academy Mortgage
131 Dodge St Suite 1, Beverly, MA 01915
9788651151
Lendizen Mortgage
500 Cummings Center #1550, Beverly, MA 01915
8573825388
Kerry Casey at CrossCountry Mortgage
138 Conant St 2nd Floor, Beverly, MA 01915
5082922298
Jay Rennicks at CrossCountry Mortgage
100 Cummings Center Suite 106-P, Beverly, MA 01915
9783492651
A reverse mortgage specialist in Beverly Massachusetts helps homeowners aged 62 and older convert home equity into tax-free funds. Massachusetts law requires borrowers to complete HUD-approved counseling before applying. Beverly residents can use these funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Beverly Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and closing costs such as appraisal and title fees. These costs can total between 3000 and 8000 dollars depending on the property value and lender. This is general information and 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 Beverly Massachusetts?
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. Massachusetts law also requires a counseling session with a HUD-approved counselor.
How does a reverse mortgage affect my heirs in Massachusetts?
Heirs can keep the home by paying off the loan balance or selling the property. Massachusetts is a non-recourse state, meaning heirs will never owe more than the home is worth. If the sale does not cover the loan, FHA insurance covers the difference.
Are reverse mortgage proceeds taxable in Massachusetts?
No, reverse mortgage proceeds are considered loan advances, not income, so they are not taxable by the IRS or the Commonwealth of Massachusetts. However, interest on the loan is not deductible until you pay it back.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Beverly who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.