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Compare Reverse Mortgage Specialists in Newport, RI
Browse reverse mortgage specialists serving Newport, Rhode Island. Contact information and addresses listed below.
6 agents listed
Updated May 2026
Newport, RI
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 6 reverse mortgage specialists in Newport, 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.
Waterstone Mortgage Corporation
23 Powel Ave Suite A, Newport, RI 02840
8003541149
Longbridge Financial, LLC - Carol Miller - Reverse Mortgages
8 Red Cross Ave, Newport, RI 02840
4014061247
Atlantic Home Loans
210 Bellevue Ave 2nd Floor, Newport, RI 02840
4013664502
Nicholas Brownell - Total Mortgage, NMLS #918783
117 Bellevue Ave Suite 200, Newport, RI 02840
4016621491
Ben Wauters Total Mortgage NMLS# 2071087
137 Broadway, Newport, RI 02840
4013308938
Seacoast Mortgage Corporation
425 Thames St, Newport, RI 02840
7742545467
A reverse mortgage specialist in Newport Rhode Island helps older homeowners access home equity without monthly payments. Rhode Island law requires that borrowers receive independent counseling from a HUD approved agency before closing. Newport residents often use these loans to supplement retirement income or cover home repairs.
What Does a Reverse Mortgage Specialist in Newport 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 costs like appraisal and title search. Total closing costs usually range from 2,000 to 6,000 dollars. 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 is a reverse mortgage specialist in Newport Rhode Island?
A reverse mortgage specialist is a licensed professional who guides homeowners through the HECM loan process. They help with eligibility, loan terms, and closing requirements. In Rhode Island, the specialist must follow state disclosure rules and ensure the borrower completes mandatory counseling.
What are the Rhode Island specific requirements for a reverse mortgage?
Rhode Island law requires a 3 day right of rescission after closing. Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet FHA property standards.
How do I choose a reverse mortgage specialist in Newport?
Look for a specialist who is licensed in Rhode Island and has experience with HECM loans. Check their record with the Rhode Island Department of Business Regulation. Ask about their familiarity with Newport area properties and local counseling agencies.
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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 Rhode Island.