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 Boston, 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.
Own Up
50 Milk St 16th floor, Boston, MA 02108
8449472848
Sammy Iliopoulos - Senior Vice President
77 Sleeper St Office 02-133, Boston, MA 02210
6175323965
Savvas Fetfatsidis at Rate (NMLS #35213)
77 Sleeper St Office 02-133 & 02-119, Boston, MA 02210
6175322005
Guild Mortgage - Greg Giokas
77 Sleeper St Office 02-139, Boston, MA 02110
6177912054
Paul Archibald at Rate (NMLS #16389)
77 Sleeper St Office 02-133 & 02-119, Boston, MA 02210
6172868919
Roger Brasil at Leader Bank Boston (NMLS #481219)
48 Northern Ave, Boston, MA 02210
6179636452
Geovanne Colon, Mortgage Broker NMLS #1880655
19 Pilgrim Rd, Boston, MA 02215
6178211757
Guild Mortgage - Jason Bonarrigo
77 Sleeper St Office 02-139, Boston, MA 02110
6174135038
Embrace Home Loans - Boston, MA
1 Marina Park Drive #1410, Boston, MA 02210
7818330001
Hunter Evers
264 Beacon St Suite 5R, Boston, MA 02116
6179994890
Fairway: Matt Lazowski
380 W Broadway Unit 101, Boston, MA 02127
6175109488
LK Mortgage Solutions LLC
26 Lincoln St, Boston, MA 02135
8885885567
Guild Mortgage - Mitchell Devlin
77 Sleeper St Office 02-139, Boston, MA 02110
6178339337
Lesley Santini at Guaranteed Rate Affinity (NMLS #38458)
399 Boylston St Suite 200, Boston, MA 02116
7816400319
What Does a Reverse Mortgage Specialist in Boston Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and third-party costs like appraisal title search and recording fees. Total closing costs often range from 5,000 to 10,000 for a standard HECM loan. These costs can be financed into the loan amount. This information is general 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 requirements for a reverse mortgage in Massachusetts?
Borrowers must be at least 62 years old own their home outright or have a low mortgage balance and live in the property as a primary residence. Massachusetts law mandates a mandatory counseling session with a HUD-approved counselor before application.
Are reverse mortgage proceeds taxable in Massachusetts?
No reverse mortgage proceeds are not considered income for Massachusetts state tax purposes. However interest on the loan is not tax deductible until the loan is repaid. Consult a tax professional for your specific situation.
Can a reverse mortgage affect Massachusetts Medicaid eligibility?
Yes loan proceeds spent immediately on medical care or long-term care may not count as assets for MassHealth the Massachusetts Medicaid program. Unspent funds held in a bank account could affect eligibility. A specialist can help you understand the rules.