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 Rhode Island before hiring.
Showing 17 reverse mortgage specialists in Cranston, RI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Primary Residential Mortgage
647 Oaklawn Ave, Cranston, RI 02920
4014907146
The Ferranti Group of loanDepot, NMLS#174457
1615 Pontiac Ave STE 3, Cranston, RI 02920
4012335020
James Procter, Mortgage Loan Consultant, NMLS#23362 - The Ferranti Group of loanDepot
1615 Pontiac Ave 3rd Floor, Cranston, RI 02920
4017441532
Matt Ricci - Churchill Mortgage, NMLS 54786
63 Sockanosset Cross Rd Ste 2A Ofc 7, Cranston, RI 02920
4018892174
Atlantic Mortgage & Finance Corporation
1009 Reservoir Ave, Cranston, RI 02910
4014818050
Churchill Mortgage - Cranston
63 Sockanosset Cross Rd Ste 2A Ofc 7, Cranston, RI 02920
4018892174
Total Mortgage
1030 Oaklawn Ave, Cranston, RI 02920
4019434550
Precision Home Lending
1288 Oaklawn Ave, Cranston, RI 02920
4014877379
Advanced Mortgage Corp.
2220 Plainfield Pike #213, Cranston, RI 02921
4017376655
Mathew Bates
1170 Pontiac Ave, Cranston, RI 02920
4012664416
Steven Hawes | Loan Officer | Primary Residential Mortgage, Inc.
647 Oaklawn Ave 2nd Floor, Cranston, RI 02920
4014802331
Devin Rosa | Loan Officer | Primary Residential Mortgage, Inc.
647 Oaklawn Ave, Cranston, RI 02920
4012613084
Best Financial Mortgage Corporation
108 Phenix Ave, Cranston, RI 02920
4014903210
Evelyn Perez at Guaranteed Rate Affinity (NMLS #828119)
465 Reservoir Ave, Cranston, RI 02910
7815303469
John Micheletti - Total Mortgage, NMLS #23187
1055 Oaklawn Ave, Cranston, RI 02920
4014474520
LUMAR Home Loans
2206 Broad St Ste B, Cranston, RI 02905
8775862756
Tyler Ferreira at Precision Home Lending
1288 Oaklawn Ave, Cranston, RI 02920
4013067940
What Does a Reverse Mortgage Specialist in Cranston Cost?
Typical costs for a reverse mortgage in Rhode Island 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 often range from $5,000 to $15,000 depending on the home 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 are the age and equity requirements for a reverse mortgage in Cranston?
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 you must meet with a HUD-approved counselor before applying.
Are reverse mortgage proceeds taxable in Rhode Island?
No, reverse mortgage proceeds are not considered income by the IRS or the Rhode Island Division of Taxation. However, interest on the loan is not deductible until the loan is repaid.
Can a reverse mortgage affect my Rhode Island homestead exemption?
No, a reverse mortgage does not affect your Rhode Island homestead exemption. The exemption protects up to $500,000 of home equity from creditors, and the loan does not change that protection.