Reverse Mortgage Specialists in Scituate, MA
Compare reverse mortgage specialists in Scituate. Review contact information and insurance categorys before you decide.
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 4 reverse mortgage specialists in Scituate, MA
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What Does a Reverse Mortgage Specialist in Scituate Cost?
Typical costs for a reverse mortgage specialist in Massachusetts include an origination fee of up to 2500 dollars or 2 percent of the home value, whichever is less. Appraisal fees range from 400 to 600 dollars. Closing costs such as title insurance and recording fees add 1000 to 2000 dollars. These costs vary by lender and loan type. 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 Scituate Massachusetts?
Borrowers must be at least 62 years old. All co-borrowers listed on the title must also meet this age requirement. 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. This session must occur before the loan application is submitted.
Can I lose my home with a reverse mortgage in Scituate?
You can lose your home if you fail to pay property taxes or homeowners insurance, or if you do not maintain the property. Massachusetts law also requires the lender to notify the borrower of any default and provide a cure period.