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Compare reverse mortgage specialists in Lynn. Review contact information and insurance categorys before you decide.
5 agents listed
Updated May 2026
Lynn, 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 5 reverse mortgage specialists in Lynn, 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.
PrimeLending, A PlainsCapital Company - East Boston
614 Washington St Suite 401A, Lynn, MA 01901
6175618100
Scarlett Hernandez - Total Mortgage, NMLS #1481186
161 Liberty St, Lynn, MA 01901
9783874096
Michael Roberts Motto Mortgage 360
471 Lynnfield St Suite 1, Lynn, MA 01904
7815074437
Motto Mortgage 360
471 Lynnfield St Suite 1, Lynn, MA 01904
9785608600
Best Rate Mortgage LLC
107 Newhall St #103, Lynn, MA 01948
6179212153
A reverse mortgage specialist in Lynn, Massachusetts helps homeowners aged 62 and older convert home equity into cash without monthly payments. Massachusetts law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Lynn residents should consider local property values and the state's homestead protections when exploring this option.
What Does a Reverse Mortgage Specialist in Lynn Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee up to $6,000, a mortgage insurance premium of 2% of the home's value, and third-party fees such as appraisal and title search. Closing costs usually range from $2,000 to $8,000 depending on the loan amount and property value. 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 eligibility requirements for a reverse mortgage in Lynn Massachusetts?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence. Massachusetts law also requires a mandatory counseling session with a HUD-approved counselor before the loan can proceed.
How does a reverse mortgage affect my Massachusetts homestead protection?
A reverse mortgage does not eliminate your Massachusetts homestead protection. However, the loan becomes a lien on the property. The homestead exemption still protects up to $500,000 of equity from most creditors, but the reverse mortgage lender has a priority claim.
What happens to the reverse mortgage if I move out of Lynn or sell the home?
If you move out permanently or sell the home, the reverse mortgage becomes due and payable. You or your heirs must repay the loan balance or 95% of the home's appraised value, whichever is less. Massachusetts law gives heirs up to 12 months to settle the loan after the borrower's death.
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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.