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Browse reverse mortgage specialists serving Franklin, Massachusetts. Contact information and addresses listed below.
6 agents listed
Updated May 2026
Franklin, 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 6 reverse mortgage specialists in Franklin, 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.
Virna Brown, Envoy Mortgage NMLS #35630
6 Main St, Franklin, MA 02038
5083696988
Michael Dunsky | Fairway Independent Mortgage Corporation Branch Manager
9 Summer St Unit 101, Franklin, MA 02038
6173374560
Jason Danowski Motto Mortgage Executives
308 W Central St Suite E-104, Franklin, MA 02038
4014199192
NEB Mortgage - Franklin Branch
195 Main St, Franklin, MA 02038
5085303800
Motto Mortgage Executives
308 W Central St Suite E-104, Franklin, MA 02038
5085203160
Finance of America Mortgage LLC
111 E Central St, Franklin, MA 02038
5085284451
A reverse mortgage specialist in Franklin, Massachusetts helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Massachusetts law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Franklin residents can use these funds for home improvements, healthcare costs, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Franklin Cost?
Typical costs for a reverse mortgage specialist 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 third-party fees for appraisal, title search, and recording. Total closing costs usually range from 2,000 to 8,000 dollars depending on home value and loan type. Borrowers also pay an annual mortgage insurance premium of 0.5 percent of the loan balance. 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 Franklin?
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 FHA standards. Massachusetts does not have additional state-specific age or income requirements beyond federal HUD rules.
How does Massachusetts law affect reverse mortgage proceeds?
Massachusetts law requires lenders to clearly disclose that reverse mortgage loans are non-recourse, meaning you or your heirs will not owe more than the home is worth when sold. The state also mandates a three-day right of rescission after closing, allowing you to cancel the loan without penalty.
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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.