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 Falmouth, 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.
Slade Mortgage Group
160 Katharine Lee Bates Rd, Falmouth, MA 02540
5085480177
MortgageSafe
200 Main St, Falmouth, MA 02540
7743921295
Embrace Home Loans-Masschussetts - Falmouth
350 Gifford St Unit E-23, Falmouth, MA 02540
8003333004
What Does a Reverse Mortgage Specialist in Falmouth Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee up to 2 percent of the home value capped at 6000 dollars a mortgage insurance premium of 2 percent of the appraised value and third party fees for appraisal title search and recording. Total closing costs often range from 3000 to 8000 dollars but vary by loan amount and lender. 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 Falmouth Massachusetts?
A reverse mortgage specialist is a licensed professional who guides seniors through the HECM process. They explain loan terms costs and eligibility requirements specific to Massachusetts law including the mandatory counseling session.
Are there income or credit requirements for a reverse mortgage in Falmouth?
Yes lenders review your income credit history and property value. You must also attend a counseling session with a HUD-approved agency. Massachusetts does not have additional state-level income limits beyond federal HECM rules.
How long does the reverse mortgage process take in Massachusetts?
The process typically takes 30 to 60 days from application to closing. This includes the mandatory counseling session which must be completed at least 7 days before closing. Delays can occur if property appraisals or title searches take longer.