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Find Reverse Mortgage Specialists in Fairhaven, MA
Directory of reverse mortgage specialists in Fairhaven, Massachusetts. Verify credentials with the state mortgage licensing authority before hiring.
3 agents listed
Updated May 2026
Fairhaven, 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 3 reverse mortgage specialists in Fairhaven, 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.
Onshore Mortgage, LLC.
45 Weeden Rd, Fairhaven, MA 02719
5088014815
Sarah Gomes at Rate (NMLS #22840)
39 Center St, Fairhaven, MA 02719
7818100911
Mortgage, Bank of America
16 Berdon Way, Fairhaven, MA 02719
7742069986
A reverse mortgage specialist in Fairhaven Massachusetts can help homeowners aged 62 and older convert home equity into cash without monthly payments. Massachusetts law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Local specialists understand Fairhaven property values and can explain how a reverse mortgage interacts with Massachusetts homestead protections.
What Does a Reverse Mortgage Specialist in Fairhaven Cost?
Reverse mortgage costs in Massachusetts typically include an origination fee up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and third-party closing costs such as appraisal title search and recording fees. For a home valued at 400000 total closing costs often range from 8000 to 15000. Ongoing costs include an annual mortgage insurance premium of 0.5 percent of the loan balance and servicing fees. 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 Fairhaven Massachusetts?
Borrowers must be at least 62 years old. If the home is owned jointly both spouses must meet the age requirement unless one spouse is a non-borrowing spouse. Massachusetts law allows a non-borrowing spouse to remain in the home after the borrowing spouse passes away if certain conditions are met.
Do I need counseling before getting a reverse mortgage in Massachusetts?
Yes federal law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying for a reverse mortgage. This counseling must be completed within 180 days before the loan application. Counselors explain loan terms costs and alternatives.
Can I lose my home with a reverse mortgage in Fairhaven?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Massachusetts law requires lenders to give borrowers a notice and a chance to cure any default before foreclosure. You must also continue to live in the home as your primary residence.
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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.