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 New Hampshire before hiring.
Showing 17 reverse mortgage specialists in Salem, NH
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Omni Mortgage Company Inc.
224 Main St Suite 1A Suite 1a, Salem, NH 03079
6038936616
Mentor Home Loans Powered by Total Mortgage
395 Main St STE 4, Salem, NH 03079
6034582123
Chad Goetz at CrossCountry Mortgage
254A N Broadway Unit 202, Salem, NH 03079
6032597861
Martha Harvey - Movement Mortgage
130 Main St, Salem, NH 03079
6038243496
Guild Mortgage - Frank Devlin
130 Main St Suite 206, Salem, NH 03079
6033150531
Movement Mortgage - Salem, NH
130 Main St, Salem, NH 03079
6038243496
The Khoury Team at Total Mortgage
23 S Broadway Unit 1, Salem, NH 03079
9788354665
Ronald Kalil Mortgage Loan Officer NMLS #9678
87 Stiles Rd # 205, Salem, NH 03079
6035602052
Michael Gendreau at CrossCountry Mortgage
254A N Broadway Unit 202, Salem, NH 03079
6038902232
Barry Cohoon at CrossCountry Mortgage
254A N Broadway Unit 202, Salem, NH 03079
6039120640
Joe Lussier at CrossCountry Mortgage
254A N Broadway Unit 202, Salem, NH 03079
9784138287
Embrace Home Loans - Salem, NH
264 N Broadway #106, Salem, NH 03079
6032082121
CrossCountry Mortgage, LLC
254 N Broadway Unit 202, Salem, NH 03079
6032597861
Ric Beaudoin at CrossCountry Mortgage
254A N Broadway Unit 202, Salem, NH 03079
9783065772
Joshua Given at CrossCountry Mortgage
254A N Broadway Unit 202, Salem, NH 03079
6037510163
Total Mortgage - Salem New Hampshire
32 Main St, Salem, NH 03079
6038095398
New England Regional Mortgage
90 Stiles Rd STE 201, Salem, NH 03079
8002200959
What Does a Reverse Mortgage Specialist in Salem Cost?
Typical costs for a reverse mortgage in New Hampshire 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. These costs can range from 2000 to 6000 dollars depending on the property value and loan type. 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 qualifications does a reverse mortgage specialist in Salem need?
A reverse mortgage specialist in Salem must be a licensed mortgage loan originator in New Hampshire. They must also complete specific training on reverse mortgage products and follow federal HUD guidelines for Home Equity Conversion Mortgages.
Are there New Hampshire specific rules for reverse mortgages?
Yes, New Hampshire law requires lenders to provide a written disclosure of all costs and terms before a borrower signs any agreement. Borrowers also have a three-day right to cancel the loan after closing, as per state statute RSA 479-A.
How does a Salem homeowner qualify for a reverse mortgage?
To qualify, the homeowner must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be their primary residence, and they must complete a HUD approved counseling session before applying.