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Browse reverse mortgage specialists serving Hopkinton, Massachusetts. Contact information and addresses listed below.
9 agents listed
Updated May 2026
Hopkinton, 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 9 reverse mortgage specialists in Hopkinton, 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.
Zenith Mortgage Advisors
74 South St, Hopkinton, MA 01748
5084979900
Bryan Brown at Rate (NMLS #89425)
85 Main St Suite 204 Office #1, Hopkinton, MA 01748
6172868904
Ryan Mohamed at Rate (NMLS #963804)
85 Main St Suite 204 Office #1, Hopkinton, MA 01748
5085896254
Prime Rate Home Mortgage, LLC. NMLS# MB1284889
34 Hayden Rowe St, Hopkinton, MA 01748
5087405089
Nick MacDonald at Rate (NMLS #2035562)
85 Main St Suite 204 Office #1, Hopkinton, MA 01748
7814394159
Jake Shanley at Rate (NMLS #1078711)
85 Main St Suite 204 Office #1, Hopkinton, MA 01748
5082835979
HomeState Mortgage, Inc.
8 Cedar St, Hopkinton, MA 01748
5084108370
Rate
85 Main St Suite 204 Office #1, Hopkinton, MA 01748
6172868904
Residential Mortgage Services, Inc.
87 Elm St, Hopkinton, MA 01748
5084177700
A reverse mortgage specialist in Hopkinton helps homeowners aged 62 and older convert home equity into loan proceeds without monthly payments. Massachusetts law requires all reverse mortgage originators to hold a valid state license and provide borrowers with detailed counseling from a HUD-approved agency. Hopkinton residents often use these funds to supplement retirement income or cover home repairs.
What Does a Reverse Mortgage Specialist in Hopkinton Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee of up to 2 percent of the home value (capped at 6,000 dollars), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal (400 to 600 dollars) and title search (500 to 1,000 dollars). Total closing costs often range from 5,000 to 15,000 dollars, but can be financed into the loan. 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 Hopkinton?
A reverse mortgage specialist is a licensed loan officer who helps seniors in Hopkinton apply for a Home Equity Conversion Mortgage (HECM). They guide borrowers through the process, including mandatory counseling and property appraisal requirements under Massachusetts law.
Are reverse mortgages regulated in Massachusetts?
Yes. Massachusetts General Laws Chapter 183C governs reverse mortgages. Lenders must provide a written disclosure and a 3-day right of rescission after closing. Borrowers must also receive independent counseling from a HUD-approved agency before the loan can proceed.
How do I qualify for a reverse mortgage in Hopkinton?
You must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the property as your primary residence. A financial assessment is required to ensure you can pay property taxes and insurance. Massachusetts law also mandates a pre-loan counseling session.
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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.