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Directory of reverse mortgage specialists in Ludlow, Massachusetts. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
Ludlow, 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 Ludlow, 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.
Fairway Independent Mortgage Corporation-Ludlow, MA Branch
733 Chapin St Suite 104, Ludlow, MA 01056
4132109795
Fairway Independent Mortgage Corporation-Ludlow, MA Branch
733 Chapin St Suite 104, Ludlow, MA 01056
4132109795
Reverse mortgage specialists in Ludlow Massachusetts help homeowners aged 62 and older convert part of their home equity into tax-free funds. Massachusetts law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Ludlow residents often use these funds for home repairs, healthcare costs, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Ludlow 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 such as appraisal and title search. For a home valued at 300,000 dollars, total closing costs often range from 8,000 to 15,000 dollars. Costs vary by lender and loan type. 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 Ludlow Massachusetts?
Borrowers must be at least 62 years old. If married, a younger spouse may be included as a non-borrowing spouse under certain conditions. Massachusetts follows federal HECM guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in Massachusetts?
Yes, Massachusetts law 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 loan can proceed.
Can I lose my home with a reverse mortgage in Ludlow?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Massachusetts has a 30-day right to cure period after a default notice. It is important to keep up with these obligations to avoid foreclosure.
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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.