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Compare Reverse Mortgage Specialists in Groton, MA
Compare reverse mortgage specialists in Groton. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Groton, 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 2 reverse mortgage specialists in Groton, 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.
EXIT Assurance Realty
161 Main St, Groton, MA 01450
5088647487
Edward Jones - Financial Advisor: Ben Woolfrey
491 Main St STE A, Groton, MA 01450
9784482753
A reverse mortgage specialist in Groton Massachusetts can help homeowners aged 62 and older access home equity without monthly payments. Massachusetts law requires borrowers to complete a counseling session with a HUD-approved agency before applying. Local specialists understand Groton property values and can explain how a Home Equity Conversion Mortgage works in this market.
What Does a Reverse Mortgage Specialist in Groton Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee up to 2 percent of the first 200000 of home value plus 1 percent of the amount over 200000. Third-party costs like appraisal title insurance and recording fees usually range from 2000 to 5000. The upfront mortgage insurance premium is 2 percent of the appraised value. Annual mortgage insurance premiums are 0.5 percent of the loan balance. 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 are the age requirements for a reverse mortgage in Groton Massachusetts?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Massachusetts law does not allow exceptions to this federal rule.
Do I need counseling before getting a reverse mortgage in Massachusetts?
Yes Massachusetts requires a counseling session with a HUD-approved counselor before you can apply. This session covers loan terms costs and alternatives. The counselor must be independent from the lender.
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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.