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Find Reverse Mortgage Specialists Near You in Winchester, MA
Directory of reverse mortgage specialists in Winchester, Massachusetts. Verify credentials with the state mortgage licensing authority before hiring.
3 agents listed
Updated May 2026
Winchester, 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 Winchester, 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.
Winchester Savings Bank
661 Main St, Winchester, MA 01890
7817292130
Sahag Kavlakian - Boston Mortgage Group
40 Church St Suite D, Winchester, MA 01890
7812189495
Investors Mortgage Group Inc
4 Skillings Rd, Winchester, MA 01890
7817215100
A reverse mortgage specialist in Winchester Massachusetts helps homeowners aged 62 and older access home equity without monthly payments. Massachusetts law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Winchester residents often use reverse mortgage funds for home repairs healthcare costs or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Winchester Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee up to 2 percent of the home value capped at 6000 dollars, 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 5000 to 15000 dollars depending on the home 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 are the age requirements for a reverse mortgage in Winchester Massachusetts?
Borrowers must be at least 62 years old. The home must be the primary residence and the borrower must own it outright or have a low mortgage balance. Massachusetts law also requires a mandatory counseling session with a HUD-approved counselor.
Are reverse mortgage proceeds taxable in Massachusetts?
Reverse mortgage proceeds are not considered income and are not subject to federal or Massachusetts state income tax. However interest on the loan is not deductible until the loan is repaid. Always consult a tax professional for your specific situation.
What happens to a reverse mortgage when the borrower dies in Massachusetts?
The loan becomes due when the last borrower dies or moves out permanently. Heirs can repay the loan balance or sell the home. Massachusetts law gives heirs 30 days to decide and up to 12 months to arrange repayment if they wish to keep the home.
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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.