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 4 reverse mortgage specialists in Stoneham, 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.
Members Mortgage Company
90 Maple St, Stoneham, MA 02180
8003169790
Gina Nelson Guaranteed Rate Affinity
359 Main St, Stoneham, MA 02180
9789739775
Today's Home Mortgage
92 Montvale Ave # 4160, Stoneham, MA 02180
7814380720
Total Mortgage Stoneham NMLS #2473015
2 Main St, Stoneham, MA 02180
9782694387
What Does a Reverse Mortgage Specialist in Stoneham 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 for appraisal, title search, and recording. Total closing costs often range from 3,000 to 8,000 dollars depending on the property value 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 is a reverse mortgage specialist in Stoneham?
A reverse mortgage specialist is a professional who guides Stoneham homeowners through the HECM process. They explain loan terms, eligibility, and repayment rules under Massachusetts and federal guidelines.
Who is eligible for a reverse mortgage in Stoneham Massachusetts?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the primary residence, and the homeowner must complete a HUD-approved counseling session.