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Compare Reverse Mortgage Specialists in Spencer, MA

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

2 agents listed
Updated June 2026
Spencer, 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 2 reverse mortgage specialists in Spencer, 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 Corp
130 W Main St Unit B, Spencer, MA 01562
(774) 241-0770 mortgageswithmamak.com
Mortgage House
12 Overlook Dr, Spencer, MA 01562
(508) 612-1835 mortghouse.com

A reverse mortgage specialist in Spencer, Massachusetts helps homeowners aged 62 and older convert home equity into tax-free funds. Massachusetts law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists guide clients through the process, including understanding loan terms and repayment obligations.

What Does a Reverse Mortgage Specialist in Spencer Cost?

Typical costs for a reverse mortgage 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 such as appraisal and title search. These fees can range from 2000 to 8000 dollars depending on the property and lender. 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 eligibility requirements for a reverse mortgage in Spencer Massachusetts?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence. In Massachusetts, you must also complete a counseling session with a HUD-approved counselor before applying.
How much can I borrow with a reverse mortgage in Spencer?
The amount depends on your age, the appraised value of your home, and current interest rates. In Massachusetts, the Federal Housing Administration sets loan limits for Home Equity Conversion Mortgages. For 2024, the maximum claim amount is $1,089,300 for most areas.

Reverse Mortgage Specialists in Other Massachusetts Cities

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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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