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Find Reverse Mortgage Specialists Near You in South Portland, ME

Browse reverse mortgage specialists serving South Portland, Maine. Contact information and addresses listed below.

9 agents listed
Updated May 2026
South Portland, ME
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 Maine before hiring.
Showing 9 reverse mortgage specialists in South Portland, ME Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Acadia Lending Group | Maine Mortgage
10 Donald B Dean Dr Suite 2, South Portland, ME 04106
2078994500
Kristeen Smith - Maine Mortgage Specialist
10 Donald B Dean Dr Suite 2, South Portland, ME 04106
2076536267
Movement Mortgage - South Portland, ME
82 Running Hill Rd #302, South Portland, ME 04106
2077723100
Richard Airey at CrossCountry Mortgage
778 Main St Ste 6, South Portland, ME 04106
2079396413
Total Mortgage
311 Darling Ave Suite B-54, South Portland, ME 04106
2077752620
Peter Jose - Paramount Residential Mortgage Group, Inc.
552 Main St, South Portland, ME 04106
2073219904
Ed Gosselin - Total Mortgage, NMLS #471749
311 Darling Ave suite B-54 1st Floor, South Portland, ME 04106
2076500215
Guild Mortgage Company
24 Christopher Toppi Dr, South Portland, ME 04106
2079450194
Phil Laughlin at CrossCountry Mortgage
778 Main St Ste 6, South Portland, ME 04106
8777731226

A reverse mortgage specialist in South Portland Maine can help homeowners aged 62 and older access home equity without monthly payments. Maine law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. South Portland residents may use these funds for home repairs, healthcare costs, or supplementing retirement income.

What Does a Reverse Mortgage Specialist in South Portland Cost?

Typical costs for a reverse mortgage in Maine include an origination fee up to 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal and title work. Total closing costs often range from 8000 to 15000 dollars. These costs can be financed into the loan. 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 South Portland Maine?
Borrowers must be at least 62 years old. If there is a co-borrower, both must meet this age requirement. The home must be the primary residence of all borrowers.
Are there income or credit score requirements for a reverse mortgage in Maine?
There are no minimum income requirements, but lenders will assess your ability to pay property taxes and homeowners insurance. A credit check is performed, but credit score alone does not disqualify you.
What types of homes qualify for a reverse mortgage in South Portland?
Single-family homes, HUD-approved condominiums, and manufactured homes that meet FHA standards qualify. Two to four unit properties may also qualify if the borrower occupies one unit. The home must be in good condition.