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Compare Reverse Mortgage Specialists in Woburn, MA
Browse reverse mortgage specialists serving Woburn, Massachusetts. Contact information and addresses listed below.
8 agents listed
Updated May 2026
Woburn, 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 8 reverse mortgage specialists in Woburn, 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.
John Marroni - NMLS# 5778 - Mortgage Advisor
355 Main St, Woburn, MA 01801
6176806495
Paul Sammons Loan Officer NMLS #1609417
400 Tradecenter Dr suite 1890, Woburn, MA 01801
9786094757
Anthony Manganiello | Mortgage Professional NMLS #1682679
8 Cedar St STE 67, Woburn, MA 01801
7812620003
Plinia at Rosembarque Group with CrossCountry Mortgage
444 Washington St Suite 407, Woburn, MA 01801
6179135483
Lendmark Mortgage Corporation
400 Tradecenter Dr Suite 5963, Woburn, MA 01801
7817901210
Mid-Island Mortgage Corp.
400 W Cummings Park #5800, Woburn, MA 01801
7817221700
Flexible Funding Mortgage Specialists
Suite, 400 Tradecenter Dr, Woburn, MA 01801
7812490083
Home Loans With Steve
400 Tradecenter Dr Ste 5900, Woburn, MA 01801
9785050245
A reverse mortgage specialist in Woburn Massachusetts helps seniors 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. Local specialists guide clients through state-specific rules including homestead protections and repayment requirements.
What Does a Reverse Mortgage Specialist in Woburn Cost?
Typical costs for a reverse mortgage specialist in Massachusetts include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Closing costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Mortgage insurance premiums equal 2 percent of the home value upfront plus 0.5 percent annually. Costs vary by loan amount and property value. 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 age requirements for a reverse mortgage in Woburn Massachusetts?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement under federal HECM rules. Massachusetts state law does not add additional age restrictions.
Do I need counseling before getting a reverse mortgage in Massachusetts?
Yes Massachusetts law requires mandatory HUD-approved counseling for all reverse mortgage applicants. This counseling must occur before you submit a loan application. The session covers loan terms costs and alternatives.
Are reverse mortgage proceeds taxable in Massachusetts?
Reverse mortgage proceeds are not considered income for Massachusetts state tax purposes. The funds are loan advances not earnings. However interest on the loan is not tax deductible until the loan is repaid.
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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.