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Compare Reverse Mortgage Specialists in Salem, MA

Looking for a reverse mortgage specialist in Salem? Review the directory below to compare your options.

5 agents listed
Updated June 2026
Salem, 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 State Mortgage Licensing Authority of Massachusetts before hiring.
Showing 5 reverse mortgage specialists in Salem, 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.
Phil Tocci Mortgage Lender
210 Essex St, Salem, MA 01970
(617) 710-3980 salemfive.com
JSW Mortgage, LLC.
2 1/2 Becket St, Salem, MA 01970
(617) 294-9001 jswmortgage.com
Bank of America Home Mortgage
21 Paradise Rd, Salem, MA 01970
(781) 954-5217 bankofamerica.com
Total Mortgage Salem NMLS #2468597
131 Boston St, Salem, MA 01970
(978) 210-4194 totalmortgage.com
Raphael Lunardi - Total Mortgage NMLS #2432177
131 Boston St #2, Salem, MA 01970
(978) 304-3552 totalmortgage.com

What Does a Reverse Mortgage Specialist in Salem 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 like appraisal and title search. These fees often total 3,000 to 8,000 dollars but vary by loan size and property. 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 Salem Massachusetts?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement under federal HECM rules.
Is counseling required for a reverse mortgage in Massachusetts?
Yes, Massachusetts law mandates that all borrowers complete a counseling session with a HUD-approved counselor. This session must occur before you can submit a loan application.

Reverse Mortgage Specialists in Other Massachusetts Cities

Agawam · Amesbury · Andover · Auburn · Belmont · Beverly · Boston · Braintree · Bridgewater · Brockton · Brookline · Burlington · Chelmsford · Chelsea · Chicopee

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Legal Notice BeforeMortgageUSA.com is not a law firm, mortgage referral service, or legal advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state state mortgage licensing authority association before hiring.

About Our Listings

Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state 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 State Mortgage Licensing Authority of Massachusetts.

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