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Find Reverse Mortgage Specialists Near You in Chicopee, MA
Directory of reverse mortgage specialists in Chicopee, Massachusetts. Verify credentials with the state mortgage licensing authority before hiring.
4 agents listed
Updated May 2026
Chicopee, 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 Chicopee, 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.
HarborOne Mortgage
450 Memorial Dr, Chicopee, MA 01020
4133313210
AnnieMac Home Mortgage
450 Memorial Dr suite 400, Chicopee, MA 01020
8559221355
Commercial Lending Chicopee MA
10 Center St, Chicopee, MA 01013
4133073535
Gary Teixeira - Mortgage Loan Officer
693 Memorial Dr, Chicopee, MA 01020
4134785420
A reverse mortgage specialist in Chicopee Massachusetts helps homeowners aged 62 and older convert home equity into cash without monthly payments. In Massachusetts lenders must follow state regulations including a mandatory counseling session with a HUD-approved counselor before loan approval. Chicopee residents can use these funds for home repairs medical expenses or supplement retirement income.
What Does a Reverse Mortgage Specialist in Chicopee Cost?
Typical costs for a reverse mortgage specialist in Massachusetts include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third-party fees such as appraisal title search and recording fees range from 1000 to 3000 dollars. A mandatory HUD counseling session costs about 125 dollars. Total closing costs usually range from 3000 to 8000 dollars depending on the loan amount and property value. 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 requirements for a reverse mortgage in Chicopee Massachusetts?
You must be at least 62 years old and own your home outright or have a low mortgage balance. Massachusetts law requires you to complete a HUD-approved counseling session before applying. The home must be your primary residence.
Are reverse mortgage proceeds taxable in Massachusetts?
No reverse mortgage proceeds are not considered taxable income by the IRS or Massachusetts Department of Revenue. However interest on the loan is not tax deductible until you pay it back. Consult a tax professional for your specific situation.
Can I lose my home with a reverse mortgage in Massachusetts?
Yes you can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Massachusetts has a three-day right of rescission after closing. You must also continue living in the home as your primary residence.
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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.