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Find Reverse Mortgage Specialists Near You in Lowell, MA
Browse reverse mortgage specialists serving Lowell, Massachusetts. Contact information and addresses listed below.
4 agents listed
Updated May 2026
Lowell, 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 Lowell, 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.
Lisa Corey Mortgage Expert
57 Belmont Ave, Lowell, MA 01852
9788046995
Alexandra Parra, Mortgage Broker
175 Cabot St, Lowell, MA 01854
8575009065
LMP Financial
175 Cabot St #500, Lowell, MA 01854
9782307110
Finexpress Mortgage LLC
541 Rogers St, Lowell, MA 01852
9783642995
A reverse mortgage specialist in Lowell, Massachusetts helps homeowners aged 62 and older convert home equity into cash without monthly payments. Massachusetts law requires borrowers to complete HUD-approved counseling before applying. Specialists in Lowell guide clients through the process, explaining eligibility, loan limits, and repayment terms specific to the state.
What Does a Reverse Mortgage Specialist in Lowell 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 fees for appraisal, title search, and recording. For a home valued at 400,000 dollars, total closing costs often range from 8,000 to 16,000 dollars. These costs can be financed into the loan. 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 age requirements for a reverse mortgage in Lowell Massachusetts?
Borrowers must be at least 62 years old. All homeowners on the title must meet this age requirement. This follows federal HUD rules for Home Equity Conversion Mortgages.
Do I need counseling before getting a reverse mortgage in Massachusetts?
Yes. Massachusetts requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. The session covers loan terms, costs, and alternatives. You must receive a certificate of completion before the lender can process your loan.
Are reverse mortgage proceeds taxable in Massachusetts?
No. Reverse mortgage proceeds are considered loan advances, not income. They are not subject to state or federal income tax. However, property taxes and insurance remain your responsibility.
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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.