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Find Reverse Mortgage Specialists Near You in Swansea, MA
Browse reverse mortgage specialists serving Swansea, Massachusetts. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Swansea, 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 3 reverse mortgage specialists in Swansea, 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.
BayCoast Mortgage Company, LLC
330 Swansea Mall Dr, Swansea, MA 02777
8774662678
Movement Mortgage
1211 Grand Army of the Republic Hwy Ste 3, Swansea, MA 02777
130 Grand Army of the Republic Hwy, Swansea, MA 02777
9085007241
A reverse mortgage specialist in Swansea Massachusetts can help homeowners aged 62 and older convert home equity into tax-free funds. Massachusetts law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Specialists in Swansea guide clients through this process and explain how the loan affects estate planning and local property taxes.
What Does a Reverse Mortgage Specialist in Swansea 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. For a home valued at 400000 dollars, total closing costs often range from 8000 to 12000 dollars. 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 is a reverse mortgage specialist in Swansea Massachusetts?
A reverse mortgage specialist is a licensed professional who helps seniors in Swansea understand and apply for HECM loans. They explain eligibility rules, loan terms, and how the loan must be repaid. Specialists do not provide legal advice but can refer you to a Massachusetts attorney for estate planning.
What are the eligibility requirements for a reverse mortgage in Swansea?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Massachusetts law also requires that you attend a counseling session with a HUD-approved counselor before you can apply.
How does a reverse mortgage affect Massachusetts property taxes in Swansea?
A reverse mortgage does not change your property tax obligation. You must still pay annual property taxes to the town of Swansea. If you fail to pay taxes or maintain the home, the loan could become due and payable. Massachusetts offers tax deferral programs for seniors, but a reverse mortgage is separate from those programs.
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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.